Nxtra Data Centers Secure 1 Billion Dollar Funding
Bharti Airtel unit Nxtra raised 1 billion dollars from investors like Carlyle and Alpha Wave. The deal values the data center business at 3.1 billion dollars.
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India telecommunications giant Bharti Airtel has announced a successful $1 billion fundraise for its data center division, Nxtra Data. The investment, sourced from a consortium including Alpha Wave Global, Carlyle, and Anchorage Capital, values the subsidiary at approximately $3.1 billion.
This capital infusion is set to bolster Nxtra Data's capacity as it scales to meet the rising demand for cloud and data infrastructure. Bharti Airtel, which also operates Airtel Africa Plc, is increasingly focusing on high-growth digital segments to complement its core connectivity business.
