Airtel’s data centre arm Nxtra raises $1bn

NEW DELHI : Bharti Airtel on Monday announced an investment of $1 billion by Alpha Wave Global, Carlyle and Anchorage Capital, through their affiliates, in Nxtra Data, the telecom company’s subsidiary in the data centre business.

Airtel will also participate in the round as part of Nxtra’s efforts to expand its network across the country and accelerate growth.