Tata Communications arm sells entire 26 per cent stake in Singapore data centre business to STT GDC

Tata Communications on Friday said its data centre arm has sold entire stake in Singapore unit to STT GDC for an undisclosed amount.

“TCIPL (Tata Communications International Pte Ltd) has divested 26 per cent stake in STT Tai Send Pte Ltd, which operates data centre business in Singapore, to STT APDC Pte Ltd, a wholly owned subsidiary of STT GDC Pte Ltd at an agreed consideration based on fair market value and changing market conditions,” Tata Communications said in a Bombay Stock Exchange (BSE) filing.