Airtel’s Nxtra clinches $1 bn investment led by Alpha Wave Global, Carlyle
New Delhi: Bharti Airtel on Monday announced that its subsidiary Nxtra Data has secured investment of $1 billion led by Alpha Wave Global, Carlyle, and Anchorage Capital.
Airtel, which will also participate in the investment round, will continue to retain a controlling stake in Nxtra.
As part of the pact, Alpha Wave Global will invest $435 million, Carlyle $240 million, Anchorage Capital $35 million, with the rest being infused by Airtel.
