CloudExtel earmarks Rs 1,000 crore capex over two years

Macquarie Capital-backed digital infrastructure company CloudExtel plans to invest Rs 1,000 crore over the next two years to expand its fibre network across India, a senior executive told FE.

The capital will be raised through a combination of internal accruals, bank debt, and fresh funding from existing investors, said Kunal Bajaj, co-founder and CEO of CloudExtel.