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Last Updated : Jul 01, 2020 03:07 PM IST | Source: Moneycontrol.com

Carlyle to buy 25% stake in Bharti Airtel's data centre business for $235 million

Carlyle Group will make the investment in Bharti Airtel's Nxtra Data at a valuation of $1.2 billion.


Bharti Airtel on July 1 said Carlyle Group will buy a 25 percent stake in its data centre business for $235 million.

Carlyle Group will make the investment in Bharti Airtel's Nxtra Data at a valuation of $1.2 billion. Bharti Airtel will continue to hold the remaining 75 percent holding in Nxtra Data.

Private equity player Carlyle will make the investment though an entity called Comfort Investments II.

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This is Carlyle's third recent investment in India, after purchasing stakes in Sequent Scientific and Piramal Pharma.

"Rapid digitization has opened up a massive growth opportunity for data centres in India and we plan to accelerate our investments to become a major player in this segment," Gopal Vittal, CEO (India and Asia) of Bharti Airtel said in a statement.

Nxtra will use the proceeds from the deal to boost its infrastructure and offerings across India.

First Published on Jul 1, 2020 07:21 am
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