Bharti Airtel Announces $1 Billion Investment in Nxtra Led by Alpha Wave Global and Carlyle
New Delhi, March 30, 2026: Bharti Airtel (NSE: BHARTIARTL) announced a $1 billion investment in Nxtra Data Limited, a subsidiary engaged in the data center business, led by Alpha Wave Global and Carlyle (NASDAQ: CG), with participation from Anchorage Capital. Airtel will also participate in this investment round. Alpha Wave Global will invest $435 million, Carlyle $240 million, and Anchorage Capital $35 million, with the remainder infused by Airtel. Airtel will retain a controlling stake in Nxtra. The deal is subject to regulatory approvals in India.Nxtra plans to use the proceeds to expand its network across India and accelerate growth. The company intends to scale its infrastructure and broaden its portfolio of services, catering to enterprises, hyperscalers, and government organizations. Nxtra currently has ~300 MW capacity and aims to scale to 1 GW in the next few years, targeting ~25% market share.
"At Nxtra, we have built one of India's most advanced and sustainable data center networks,” said Gopal Vittal, Executive Vice Chairman, Airtel. “Strategic partnerships with global investors are central to our growth roadmap."
Nxtra is valued at approximately $3.1 billion post-closing.
About Bharti Airtel
Headquartered in India, Bharti Airtel is a global communications solutions provider with over 600 million customers in 15 countries across India and Africa.
About Carlyle
Carlyle is a global investment firm with $477 billion in assets under management as of December 31, 2025.
About Alpha Wave Global
Alpha Wave is a global alternative asset manager led by Rick Gerson, Navroz Udwadia, and Ryan Khoury.
About Anchorage Capital
Anchorage Capital is an India-focused investment fund.
Additional Details Regarding Investment
The investment falls within related party transaction terms and will be conducted on arm’s length terms.
| Particulars | Description |
|---|---|
| Nature of Transaction | Investment by Bharti Airtel Limited in Nxtra Data Limited, a subsidiary. |
| Industry | Data Center Services |
| Consideration | Cash Consideration |
| Investment by Airtel | ~$290 million |
| Controlling Stake | Airtel will continue to retain a controlling stake in Nxtra Data. |
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