New Delhi, March 31 -- Bharti Airtel announced a USD 1 billion investment in its data centre subsidiary Nxtra Data Limited, with participation from global investors including Alpha Wave Global, Carlyle and Anchorage Capital.
According to Bharti Airtel's press release, the investment round will see Alpha Wave Global infuse USD 435 million, Carlyle USD 240 million and Anchorage Capital USD 35 million, while Airtel will contribute the remaining amount. Airtel will continue to retain a controlling stake in Nxtra, subject to post-closing adjustments and regulatory approvals.
The transaction values Nxtra at approximately USD 3.1 billion post-closing.
According to the company, the investment is aimed at accelerating Nxtra's expansion across I...
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