Bharti Airtel announced a US$1 billion investment in its data center subsidiary, Nxtra Data Limited, led by Alpha Wave Global and Carlyle, with participation from Anchorage Capital. This funding will fuel Nxtra's expansion plans to meet the growing demand for data center capacity in India, supporting cloud adoption and digital transformation initiatives across the country.
This significant capital infusion for Nxtra Data underscores the robust growth in India's data center market, driven by increasing cloud adoption and digital services. The investment will enable Nxtra to scale its infrastructure, enhancing its competitive position against other players like Adani Data Networks and Reliance Jio Infocomm, and supporting the digital backbone for businesses and consumers.
Nxtra Data Limited receives US$1 billion investment.
Funding led by Alpha Wave Global and Carlyle.
Investment to fuel expansion of data center capacity in India.
The US$1 billion investment in Nxtra Data Limited is specifically for expanding data center capacity within India, addressing the burgeoning demand for digital infrastructure in the South Asian market.
"Bharti Airtel announced a US$1 billion investment in its data center subsidiary, Nxtra Data Limited, led by Alpha Wave Global and Carlyle, with participation from Anchorage Capital."
Sign in to save notes on signals.
Sign In