Airtel’s Nxtra to invest Rs 1,750 crore to expand infra

NEW DELHI: Bharti Airtel’s data centre subsidiary Nxtra Data is planning to invest Rs 1,750 crore in its data security and cloud infrastructure network. The capital expenditure is being driven by an earlier investment from US-based Carlyle Group, which had shelled out $235 million for a 25 per cent stake in Nyxtra earlier this summer. The rest of the equity is held by Bharti Airtel.

Nxtra’s 10 large data centres and 120 plus edge data centres provide its clients with co-location services, cloud infrastructure, managed hosting, data backup, disaster recovery, and remote infrastructure management. Recently, the Caryle Group through its entities announced an investment of $235 million (around Rs 1,750 crore) for a 25 per cent stake in Nxtra at a post money valuation of $1.2 billion. “Nxtra will use the proceeds from this transaction to continue scaling up its infrastructure and offerings across India,” Airtel said in a statement.