Airtel Invests $1 Billion in Nxtra Unit With Carlyle, Anchorage

A $1.0 billion investment by Alpha Wave Global, Carlyle Group and Anchorage Capital into Nxtra Data Ltd., Bharti Airtel’s data-center subsidiary, was announced. The funding validates demand for India data-center capacity, provides capital for Nxtra’s expansion and is a positive catalyst for Bharti Airtel’s asset-monetization and valuation prospects.

Analysis

A $1.0 billion investment by Alpha Wave Global, Carlyle Group and Anchorage Capital into Nxtra Data Ltd., Bharti Airtel’s data-center subsidiary, was announced. The funding validates demand for India data-center capacity, provides capital for Nxtra’s expansion and is a positive catalyst for Bharti Airtel’s asset-monetization and valuation prospects.