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India's Bharti Airtel-Owned Nxtra to Raise $1 Billion Amid Data Center ...
Nxtra Data will scale capacity from 300 MW to 1 GW with $1 billion led by Alpha Wave Global, valuing the firm at $3.1 billion to tap India’s AI and data center market.
- On Monday, Bharti Airtel announced a $1 billion investment for its data center arm, Nxtra Data, from three private equity firms, valuing the company at about $3.1 billion.
- Nxtra operates about 300MW of capacity and plans to scale to 1GW to meet rising demand from enterprises, hyperscalers, and government clients seeking expanded data center networks.
- India's total installed data center capacity is expected to surpass 2GW by 2026, according to a KPMG report, with projections suggesting capacity could rise fivefold to more than 8GW by 2030, generating an estimated $30 billion in capital expenditure.
- Florida-Headquartered Alpha Wave Global will invest $435 million, Washington-based Carlyle will contribute $240 million, and Anchorage Capital will add $35 million, with Airtel providing the remaining funds.
- This deal follows recent investments by Indian conglomerates Reliance and Adani in data infrastructure, positioning India as an emerging hub for AI development amid global competition.
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·United States
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Times of IndiaReposted by 
The Economic Times
The Economic TimesBharti Airtel-owned Nxtra to raise $1 billion amid data center boom
India's Bharti Airtel-owned Nxtra Data will raise $1 billion from Alpha Wave Global, Carlyle Global, Anchorage Capital, as well as its parent, in a deal that values the data center firm at about $3.1 billion.
·India
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Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
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R 16%
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