New Delhi, March 30 -- Bharti Airtel Ltd on Monday announced a $1 billion investment in its data centre arm, Nxtra, alongside Alpha Wave Global, Carlyle, and Anchorage Capital, to expand its network in the country. The deal will value the data centre company at $3.1 billion and is subject to regulatory approvals in India, Airtel said in a release.

As part of the deal, Alpha Wave Global will invest $435 million, Carlyle $240 million, and Anchorage Capital $35 million. The remaining $290 million will be infused by parent Airtel in the data centre company. "The investors' final shareholding will be subject to finalized post-closing adjustments. Airtel will continue to retain a controlling stake in Nxtra," Airtel said.

The investment assume...