Bharti 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.
The deal marks the latest in a string of investments that Indian conglomerates Reliance and Adani have announced in recent months in data infrastructure as they position the country as an emerging hub for AI development.
India has played only a limited role in the global AI boom so far because it lacks large-scale chip manufacturing, making data centers its most viable entry point into the fast-growing infrastructure market.
