| "Singapore Technologies Telemedia, an investment unit of Temasek Holdings, has emerged as a strong contender to buy Tata Communications' data centre business," said a media report quoting unnamed sources. "The deal is estimated at about USD 700 million (Rs 4,421 crore)," the report added.
Earlier in August, there was a media report that Google and Amazon were in race to buy company's data centre. The company denied market rumours but confirmed that it has been exploring various strategic options for its data centre infrastructure business in India and potentially Singapore. Jefferies LLC is an advisor to the company...............................................Full Article: Source
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