Which company has agreed to buy majority stake in some of prime data-center business owned by Indias Tata Communications Ltd

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which company has agreed to buy majority stake in some of prime data-center business owned by India’s Tata Communications Ltd

A	Comcast Corp
B	Twenty-First Century Fox Inc
C	Singapore Technologies Telemedia
D	Time Warner Inc

Explanation:

Detailed explanation-1: -Mumbai: Tata Communications Ltd agreed to sell a 74% stake in its data centre business to a unit of Singapore’s Temasek Holdings for $634 million (approximately ₹ 4, 260 crore).

Detailed explanation-2: -STT Communications Ltd (“STTC”) is a subsidiary of Singapore Technologies Telemedia Pte Ltd (“STT”), which is a wholly-owned subsidiary of Temasek Holdings (Private) Limited (“Temasek”).

Detailed explanation-3: -Tata Communications is a digital ecosystem enabler that powers today’s fast-growing digital economy. The company’s purpose is to deliver a New World of Communications™, unleashing new growth opportunities for customers while making a positive, tangible impact on wider society.

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