Bharti Airtel bags $235 mn investment in arm from Carlyle group, sells 25% stake in data centre biz

Sunil Mittal-led Bharti Airtel on Wednesday announced that US-based Carlyle Group will invest $235 million in its data centre business Nxtra Data Limited (Nxtra) for a 25% stake. The investment will be made by Comfort Investments II, an affiliated entity of CAP V Mauritius Limited, an investment fund managed and advised by affiliated entities of The Carlyle Group. In a joint statement, Bharti Airtel and The Carlyle Group said that the post-money enterprise valuation of Nxtra is approximately $1.2 billion. Bharti Airtel is India’s second-largest telecommunications network operator in terms of subscribers.

The Delhi-based Nxtra from Airtel offers secure data centre services to leading Indian and global enterprises, start-ups, SMEs, and governments, the company said in the statement.