ST Telemedia holds the 74% controlling stake in the India business, with Tata Communications retaining the remaining 26% from the original 2016 joint venture. Bloomberg's framing of the operator as Tata-backed understates the direction of control. The $500m figure is the only one Bloomberg sources to its informants. Indian and Asian outlets summarising the report have circulated a valuation range of $5bn to $5.5bn, with a draft prospectus said to follow in two to three months.
Silex describes itself as the world's leading pure-play MEMS foundry. The company manufactures micro-electromechanical systems for customers in automotive, industrial, life sciences, and consumer electronics, operating from a single fab in Järfälla, just outside Stockholm, on 200mm wafer production.
Rare Earths Americas is an exploration stage company that aims to create a rare earth supply independent of China, focusing on heavy rare earth projects in the U.S. and Brazil.
