Investment30 March 2026 at 03:44 pm
Bharti Airtel Announces USD 1 Billion Investment in Nxtra Led by Alpha Wave Global and Carlyle
AI Summary
Bharti Airtel Ltd, also known as Airtel, has announced an investment of USD 1 Billion in Nxtra Data Limited, its subsidiary company in the data center business. The investment is led by Alpha Wave Global, Carlyle, and Anchorage Capital, with Airtel also participating. Nxtra plans to use the funds to expand its network across India and accelerate growth. The deal is subject to regulatory approvals in India.
Key Highlights
- Alpha Wave Global to invest USD 435 million, Carlyle to invest USD 240 million, and Anchorage Capital to invest USD 35 million in Nxtra
- Airtel to continue to retain a controlling stake in Nxtra
- Nxtra plans to extensively scale its infrastructure and broaden its portfolio of services
- India's data center sector is expected to grow at a CAGR of around 21% between 2024 and 2030
- Nxtra aims to scale to 1 GW in the next few years, targeting ~25% market share