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Airtel raises $1 bn for data centre arm
Financial Express Mumbai
|March 31, 2026
Global investors back Nxtra as AI demand drives expansion
BHARTI AIRTEL ON Monday announced a $1-billion investment in its data centre subsidiary Nxtra Data, led by Alpha Wave Global and Carlyle, with Anchorage Capital also participating.
This comes at a time when the telecom major is looking to scale capacity amid rising demand for AI and cloud infrastructure.
Alpha Wave Global will invest $435 million, Carlyle $240 million and Anchorage Capital $35 million, while Airtel will infuse the remaining capital through its subsidiary. The transaction values Nxtra at about $3.1 billion post-closing, with Airtel retaining a controlling stake. The deal is subject to regulatory approvals in India.
This story is from the March 31, 2026 edition of Financial Express Mumbai.
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