Bharti Airtel to sell 25% of its data centre business to Carlyle Group

Terms will come once the latter’s subsidiary completes its $327.47m investment into Nxtra.

Singtel’s Indian unit Bharti Airtel (Airtel) will divest a 25% stake of its data centre business Nxtra to private equity firm Carlyle Group, a press release revealed. Airtel will continue to hold the remaining 75% stake.

Terms will come once CAP V Mauritius’ subsidiary Comfort Investments II completes its $327.47m (US$235m) investment into Nxtra. CAP V Mauritius is an investment fund managed and advised by affiliated entities of The Carlyle Group.

Nxtra will use the proceeds from this transaction to continue scaling up its infrastructure and offerings across the country. The transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India.

“India is witnessing a considerable surge in demand for secure data centres as businesses undertake digital transformation and consumer demand for digital services continues to increase. Nxtra is building multiple large data centres across the country to capture the significant growth opportunities in India,” the press release stated.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia