Jul 02, 2020 | Mallika Rangaiah
Carlyle Group, a firm based in Washington will contribute $235 Mn (INR 1774 Cr) for a 25% stake in Bharti Airtel's data center group, Nxtra Data at a post-cash estimate of $1.2 Bn. As of 31st March this year, Carlyle had put more than $2.5 Bn in India.
As reported by the Economic Times, the arrangement is dependent upon regulatory endorsements by the Competition Commission of India (CCI) and various other regulators, the organizations have affirmed in the joint official statement. Upon approval, Airtel will keep on holding the lingering 75% of the Nxtra Data Centers venture.
As stated by Gopal Vittal the MD, and CEO (India and South Asia) of Bharti Airtel, fast digitization has opened up extensive development opportunities for data centers in India and the company intends to quicken their ventures to emerge as a significant player in this section. The company has expressed their enthusiasm to have Carlyle as a vital partner in this thrilling journey, especially given their involvement with this industry.
A data center unit based in New Delhi, Nxtra offers secure data center services to driving Indian and worldwide ventures, hyperscalers, new companies, SMEs, and governments. As of now, Nxtra has near 10 enormous data centers accessing India and has been dealing with building all the more huge data centers to catch the noteworthy development opportunities. The data centers will be set up in Pune, Chennai, Mumbai, and Kolkata. It will adopt this financing to scale its framework and offering, across the nations.