Alpha Wave Global gets CCI nod to acquire stake in Bharti Airtel’s Nxtra
New Delhi: Fair trade regulator CCI on Tuesday approved US-based Alpha Wave Global’s proposed stake purchase in Nxtra Data, the data centre and cloud services arm of Bharti Airtel.
Alpha Wave Global is acquiring a stake through Alpha Wave Ventures II, LP, a private equity fund co-managed by the alternative asset manager.
The Competition Commission of India (CCI) said it has cleared the proposed deal.
