STT takes control of Equinix

After forays buying stakes in Global Crossing and Indosat, ST Telemedia has closed another deal that broadens its telecoms penetration.

STT is rapidly emerging as one of the most interesting telecoms stories in Asia. With Global Crossing and Indosat stakes already purchased, it has just merged some of its assets with those of Equinix and Pihana and emerged as the largest shareholder in the world's largest network neutral internet exchange services company. Matt Burlage, head of boutique investment bank IRG, was one of the advisers on the deal and explains its intricacies.

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