ST Telemedia

ST Telemedia (STT) is an active investor in the communications, media and technology space. It started operations in 1994 and has built a portfolio of complementary assets and businesses across Asia, Europe and the Americas. It is a portfolio company of Temasek Holdings. In 2016, the company refreshed its corporate identity, adopting a new logo and streamlined business name ST Telemedia.[1]

ST Telemedia
IndustryCommunications, Media and Technology
HeadquartersSingapore
SubsidiariesST Telemedia Global Data Centres India
Websitewww.sttelemedia.com, www.sttelemediagdc.in

Business activities

STT's investment portfolio is centred on three business segments across the digital value chain – Communication & Media, Data Centres, and Infrastructure Technology. [2]

2020

- In March 2020, STT announced the completion of its majority investment in CloudCover, a cloud-native service provider with presence in India and Southeast Asia.[3]

2019

- In January 2019, STT announced that it completed the acquisition of a majority stake in Cloud Comrade, a Singapore-based cloud computing company with presence also in Malaysia and Indonesia.[4]

- In March 2019, LEAP, a wholly owned company of STT announced its official entry into the AI and Cloud IT market. [5]

- In October 2019, STT announced that it was taking a majority stake in Seattle-based cloud service provider 2nd Watch. [6]

2018

- In January 2018, STT led in a new round of funding for Bespin Global, a cloud management company which helps enterprise customers in South Korea and China with cloud adoption.[7]

2017

- In November 2017, STT led in a new round of funding for Instart Logic, which created a cloud-based digital experience platform that enables brands to increase their online performance.[8]

- In April 2017, STT announced its investment in Dallas-based Armor, The First Totally Secure Cloud Company™, and became a joint lead shareholder with The Stephens Group.[9][10][11] Armor’s proprietary platform integrates threat intelligence, automated security orchestration and machine learning managed by a world-class security operations centre.[12]

2016

- In August 2016, STT unveiled a refreshed corporate identity to reflect its new strategic direction.[13]

- In June 2016, STT announced its lead investment in Moogsoft's Series C financing, giving the real-time IT Operation Analytics provider a boost to expand its global operations in Europe, Asia and Americas.[14][15]

- In May 2016, STT announced its strategic partnership with Tata Communications to expand data centre business in India and Singapore. The partnership involved a 74% majority stake acquisition of Tata Communications’ data centre business in India and Singapore by STT’s wholly owned subsidiary, ST Telemedia Global Data Centres (STT GDC). Tata Communications remains as a significant shareholder, holding the remaining 26% stake in the business. The acquisition of the data centres in India was completed in October 2016, while the acquisition of the data centres in Singapore completed in February 2017.[16][17]

2015

- In August 2015, STT made its first investment in emerging technology verticals, leading a US$40 million financing round in Datameer, a big data analytics and visualization company based in San Francisco, California.[18][19] Datameer is a big data analytics platform that helps companies create and extract value from enterprise data lakes.[20]

- In July 2015, STT announced a joint venture partnership where its portfolio companies STT GDC and StarHub agreed to build and develop MediaHub, a highly specialised telecommunications, media and data centre facility.[21]

- In June 2015, STT, through STT GDC, invested in VIRTUS Data Centres in the UK.[22]

- In March 2015, STT announced plans to build its flagship data centre, known as STT Defu, in Singapore.[23]

2014

- In August 2014, STT re-entered the data centre market with its investment in GDS Services (GDS), a leading provider of advanced and high-availability data centre services in China.[24]

2011

- In May 2011, STT invested in Sky Cable, the Philippines' largest cable company and leading broadband service provider.[25][26]

2010

- In March 2010, STT acquired a 33% stake in U Mobile, Malaysia's fourth mobile service provider.[27] - It also took a 10% stake in VNPT Global, a subsidiary of VNPT Group, Vietnam's foremost full service telecommunications service operator, in March.[28]

Corporate Social Responsibility

STT's CSR efforts are focused on three core areas: nurturing future generations, enriching communities and sustaining industries.

Nurturing Future Generations

The company supports and initiates programmes that enable both current and future generations to achieve their full potential. In 2017, STT launched the ‘ST Telemedia Catalyst Award’ in partnership with Temasek Polytechnic.[29]

In 2019, STT established three university scholarships for Singaporeans from disadvantaged backgrounds to mark its 25th anniversary. The bond-free, full scholarships are in partnership with Lee Kuan Yew School of Public Policy, Fitzwilliam College, Cambridge, and Somerville College, Oxford.[30]

Enriching Communities

STT also works with underserved populations and sectors within the community, contributing directly to areas such as disaster relief, marine conservation, as well as health-related and hope and dignity projects.[31]

Sustaining Industries

STT also supports multiple platforms and initiatives across Asia and the world to better understand and promote effective solutions in the complex business landscape today.[32]

References
  1. "ST Telemedia Unveils New Corporate Identity". TelemediaWorld. Retrieved 2017-05-31.
  2. "Business Focus". ST Telemedia webpage. Retrieved 2017-05-31.
  3. "Temasek's ST Telemedia nabs majority stake in India cloud services firm". The Business Times. 2020-03-10.
  4. "Temasek unit ST Telemedia takes majority stake in cloud computing firm". The Straits Times. 2019-01-24.
  5. "ST Telemedia Launches Startup to Bring AI, Cloud to Companies". Bloomberg. 2019-03-08.
  6. "ST Telemedia eyes controlling stake in US cloud service provider 2nd Watch". The Business Times. 2019-10-10.
  7. "ST Telemedia leads US$27 million investment into Bespin Global". PR NewsWire. 2018-01-31.
  8. "'Digital experience' company Instart Logic raises $30M for global expansion". TechCrunch. 2017-11-02.
  9. "Armor Announces $89 Million Investment from ST Telemedia". Yahoo Finance. 2017-04-05.
  10. "ST Telemedia invests in US-based Armor". TODAY Singapore. 2017-04-05.
  11. "There's a new buyer on the security tech block with Armor's $89 million new round". TechCrunch. 2017-04-05.
  12. "Armor's Website: About Us".
  13. "ST Telemedia Unveils New Corporate Identity". ST Telemedia. 2016-10-06.
  14. "Moogsoft secures $30M in Series C funding; aims global expansion". TechSeen. 2016-06-07.
  15. "Moogsoft Raises $30M in Series C Funding to Fuel Global Market Expansion". MarketWired. 2016-06-06.
  16. "ST Telemedia and Tata Communications Enter into a Strategic Partnership to Expand Data Centre Business in India and Singapore". ST Telemedia. 2016-05-19.
  17. "ST Telemedia Global Data Centres Readies for its Next Growth Phase in Singapore". ST Telemedia. 2017-02-13.
  18. "ST Telemedia invests in California big data firm Datameer". Business Times Singapore. 2015-08-19.
  19. "Datameer Takes Data Democratization Global with New $40 Million Investment". PR Newswire. 2015-08-18.
  20. "Datameer's website: About Us".
  21. "ST Telemedia acquires significant stake in MediaHub". Data Center Dynamics. 2015-07-27.
  22. "ST Telemedia acquires 49% stake in UK data centre provider Virtus". Business Times Singapore. 2015-06-24.
  23. "ST Telemedia to build a new data center in Singapore". Data Center Dynamics. 2015-03-17.
  24. "ST Telemedia invests 40% stake in GDS". Datacenterdynamics. 2014-08-15.
  25. "ST Telemedia Invests in Philippines' Largest Cable Company, Sky Cable". ST Telemedia. 2011-05-13.
  26. "Singapore's STT Communications acquires 40% stake in SkyCable". Adobomagazine. 2011-05-13.
  27. "STT to invest RM1b in U Mobile". The Edge Markets. 2010-03-16.
  28. "ST Telemedia Invests in VNPT Global". 2010-03-12.
  29. "ST Telemedia Catalyses Students' Potential with Education Awards". ST Telemedia webpage. 2017-10-19.
  30. "ST Telemedia launches bond-free scholarships in honour of Lee Kuan Yew for disadvantaged students". The Straits Times. 2019-07-31.
  31. "STT Website: Responsibility-Enriching Communities". Retrieved 2017-07-11.
  32. "STT Website: Responsibility-Sustaining Industries". Retrieved 2017-07-11.
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