New Delhi, Mar 31 (TNT): Bharti Airtel on Tuesday announced a $1 billion investment in its data centre subsidiary Nxtra Data Limited, led by global investors to accelerate expansion across India’s fast-growing digital infrastructure sector.
The investment round includes $435 million from Alpha Wave Global, $240 million from Carlyle Group, and $35 million from Anchorage Capital, with the remaining capital to be infused by Airtel, the telecom company said in a release here.
The deal is subject to regulatory approvals, with Airtel retaining a controlling stake in Nxtra.
Nxtra plans to use the funds to expand its data centre network, enhance service offerings and cater to increasing demand from enterprises, hyperscalers and government clients.
Gopal Vittal, Executive Vice Chairman, Airtel, said ” Nxtra, which has a current capacity of around 300 MW, aims to scale up to 1 GW in the coming years, targeting about 25% market share”.
Industry estimates indicate strong growth in India’s data centre sector, driven by rising cloud adoption, AI workloads and digital transformation. The market is projected to grow at around 21% CAGR through 2030.
Rick Gerson, Co-Founder & CIO, Alpha Wave Global, said, “We are excited to partner with Mr. Sunil Mittal and the Bharti Group — a franchise defined by outstanding leadership and a remarkable track record of executing at scale alongside institutional investors – as Nxtra scales to become India’s leading data center business.”
Nxtra currently operates 14 core data centres and over 120 edge facilities across India, providing services such as colocation, cloud infrastructure, managed hosting and disaster recovery.
The company is also expanding its footprint with new AI-ready campuses in Chennai, Mumbai and Kolkata, and has partnered with Google to develop a large-scale AI data centre campus.
The investment is expected to strengthen Nxtra’s position in India’s data centre market amid rising demand for AI and cloud infrastructure.
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