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Bharti Airtel: The Carlyle Group, among the world’s largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtel’s data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said.
The Carlyle Group, among the worlds largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtels data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said. Bharti Airtel owns 75.96% of Nxtra Data, a leading player in Indias data centre industry. Airtel has first right of refusal on the stake but is reckoned to have waived it, said the people cited.
Carlyle acquired a 24% stake in Nxtra Data, India’s largest data centre operator, for around Rs1,780 crore ($235 million) in 2020
Private equity firm Carlyle is looking to divest its entire 24% stake in Nxtra Data Ltd, the data centre unit of Bharti Airtel Ltd, a ......
India’s data center market is projected to double in the next two-and-a-half years from the existing 637 MW capacity to 1318 MW, as per the latest JLL report.