India-based telecommunications company Tulip, which is selling 30% of its data center services business, said expressions of interest have come in from international investors, mostly from the telecommunications space.

 

The Indian telco told Dow Jones Newswires that it expects its data center business to bring in about a fourth of the company’s overall revenue within two years - data center services currently make up 5% of Tulip’s annual revenue. 

Nomura has been appointed as banker for sale, which is expected to bring in about US$60m in funds for the company.

Tulip is currently building what it claims could be the “third largest single site data center” in the world at 900,000 sq ft, costing an estimated Rs 900 Cr. It will be Tulip’s fifth data center and will be based in Bengaluru.

Dow Jones Newswires said Tulip also plans to build two more data centers, one in Delhi and another in Mumbai, where government and financial institutions are driving demand. 

The Bengaluru data center will be able to hold 16,000 racks when it is finished, in three years time. 

The Tier IV data center will be used for colocation, managed hosting and data storage.

It’s Delhi data center will cover 1m sq ft while the Mumbai data center will cover 100,000 sq ft.