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The transaction is designed to accelerate Nxtra’s buildout of large-scale and edge facilities to serve enterprises, hyperscalers, and government customers across India.
Bharti Airtel has secured a $1 billion equity infusion for its data centre arm Nxtra Data from a consortium led by Alpha Wave Global, with participation from The Carlyle Group, Anchorage Capital and Airtel itself, the company said.
Under the terms disclosed, Alpha Wave Global will contribute $435 million, Carlyle $240 million, Anchorage Capital $35 million, with Airtel investing the remainder. Final investor stakes will be subject to post-closing adjustments and customary approvals.
According to reporting, the deal will see Nxtra valued at roughly $3.1 billion, with Airtel remaining the controlling shareholder.
The capital will be applied primarily to capacity expansion, with Nxtra planning to grow from about 300 MW today to a targeted 1 GW, aiming t control roughly a quarter of India’s data centre market.
Headquartered in New Delhi, Nxtra already operates 14 major data centres and more than 120 edge facilities across India, with recent openings in Pune and active development of AI-ready campuses in Chennai, Mumbai, and Kolkata.
As always, the deal is subject to typical regulatory approvals.
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