Wall Street journal — SINGAPORE—Singapore Technologies Telemedia has agreed to buy a majority stake in some of the data-center business owned by India’s Tata Communications Ltd., valuing the entire business at about US$640 million. ST Telemedia, which is a unit of Singapore state-investment firm Temasek Holdings (Private) Ltd., will acquire a 74% stake in data centers in India and Singapore, while Tata Communications will hold the remaining 26% stake, a joint statement from both the companies said Thursday.
Datacenter News — Singapore Technologies (ST) Telemedia and Tata Communications have entered into a strategic partnership to expand their joint data center business in India and Singapore. ST Telemedia has officially acquired a 74% majority stake in Tata Communications’ while the company continues to hold the remaining 26% stake.
ZDNet — US-based Internet of Things (IoT) vendor Greenwave Systems has secured US$45 million in its Series C, raising most of the funds from Singapore investors. The Economic Development Board’s investment arm EDB Investments (EDBI) and Singapore Technologies Telemedia (STT) led the funding round, the latter of which contributed the majority of the financing.
SINGAPORE: ST Telemedia on Tuesday (Mar 17) announced that it has completed the acquisition of land to develop its flagship data centre facility in Singapore. The communications, media and technology investor said the land is located at Defu Lane and is in close proximity to mature data center clusters. The 150,000 square feet facility will be built with the highest Tier-III industry standards, as well as other building certifications such as LEED and BCA-IDA Green Mark.