Bharti Airtel’s subsidiary -- Nxtra Data (Nxtra) is all set to receive an investment of $1 billion from Alpha Wave Global, Carlyle and Anchorage Capital, through their affiliates, to expand its network across India and accelerate growth. The company will also participate in this round.

As part of the pact, Alpha Wave Global will invest $435 million, Carlyle $240 million, Anchorage Capital $35 million, with the rest being infused by the company. The investors’ final shareholding will be subject to finalized post-closing adjustments. The company will continue to retain a controlling stake in Nxtra. The deal is subject to regulatory approvals in India.

Nxtra - the first data center company in India to deploy AI at scale for predictive maintenance, energy efficiency, and automated operations - intends to deploy proceeds from the fund infusion to accelerate its growth plans. It plans to extensively scale its infrastructure and broaden its portfolio of services, catering to the evolving needs of enterprises, hyperscalers, and government organisations across the country.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.