Airtel’s Nxtra to invest ₹1,750 crore to scale up data centres across India

Bharti Airtel on Tuesday said its subsidiary Nxtra Data will invest around ₹1,750 crore to scale up data centre infrastructure and cloud services across the country.

The company also announced signing of a Memorandum of Understanding (MoU) with the Maharashtra Industrial Development Corporation for setting up two new data centre campuses in the state.

“Recently, The Caryle Group through its entities announced an investment of USD 235 million (around ₹1,750 crore) for a 25 per cent stake in Nxtra at a post money valuation of USD 1.2 billion. Nxtra will use the proceeds from this transaction to continue scaling up its infrastructure and offerings across India,” Bharti Airtel said in a statement.

The new facilities will come up at Mumbai and Pune in Maharashtra.