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Carlyle Group will buy a 25% stake in Bharti Airtel’s data centre business

Carlyle group, a US based firm, will most probably invest approximately rupees 1770 crore or dollar 235 million in an Nxtra data Limited. It is an arm of Bharti Airtel involved in data centre business. The investment would account for 25% stake in the company.
The market valuation of Nxtra after the investment totals to $ 1.2 billion out of which Carlyle group will hold 1/4. The remaining 75% stake would be held by Bharti Airtel only. The transaction is subject to the obligatory regulatory approvals from the concerned authorities including competition commission of India.
Experts say that unlocking the valuations of your internal assets is a step in the right direction. The telecom companies which was first initiated by the sale of tower assets are now pushed by data centres with the future being fiber assets. The race to demonetise the assets is the need of the hour with the existence of debt.

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Nxtra offers secure data centre services to developing Indian as well as global companies, startups, governments, hyperscalers and SMEs. Nxtra’s  nation wide portfolio of more than 120 edge data centres provides co-location services, managed hosting, data backup, remote infrastructure management,Carlyle group  disaster recovery and could infrastructure.
“Rapid digitisation has opened up a massive growth opportunity for data centres in India and we plan to accelerate our investments to become a major player in this segment. We are delighted to have Carlyle as a strategic partner in this exciting journey, particularly given their experience in this industry, and look forward to working with them,” said Gopal Vittal, MD & CEO of Indian and South Asian region, Bharti Airtel.

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