Temasek unit buys Tata Communications 17 data centers for $634m

Temasek unit buys Tata Communications 17 data centers for $634m

Visual of a data centre. Credit: Flickr/Sean Ellis

Tata Communications Ltd., part of India’s biggest conglomerate, announced the sale of 74 percent stake in its data center business to a unit of Temasek Holdings for an enterprise value of $634 million to raise funds for expansion and pare debt.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter