Search engine giant Google Inc and e-commerce giant Amazon are reportedly among those in fray to buy the data centre business of Tata Communications in a deal worth about Rs 4,261.4 crore ($650-700 million).
Other companies i.e. Blackstone Group, Carlyle, KKR, Bain Capital and Advent International, etc. are also competing to buy up to 74% stake in the data centre unit.
Tata Communications has data centres in India, US, UK and Singapore, offering managed hosting and storage services. In India, it has centres in leading metros such as New Delhi, Mumbai, Bengaluru, Chennai, Kolkata and Pune, besides some tier-II and tier-III locations.