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Carlyle to Buy 25 Percent of Airtel’s Data Centre Arm Nxtra for $235 Million

Carlyle will buy a 25 percent stake in Indian telecom firm Bharti Airtel's data centre arm for $235 million (roughly Rs. 1,775 crores), the US private equity group said on Wednesday, as it taps into the rapid growth of digital services in India.The acquisition, by an affiliate of Carlyle, will give Airtel's Nxtra Data an enterprise valuation of about $1.2 billion (roughly Rs. 9,066 crores), the companies said in a statement. Airtel will hold the remaining 75 percent stake in Nxtra.Nxtra, which is building multiple large…

Airtel to Spend Rs. 1,17,000 Crore on Businesses With Subsidiaries Over a 5-Year Period

Telecom operator Bharti Airtel has plans to spend about Rs. 1,17,000 crore through business transactions with its subsidiaries like Indus Towers, Nxtra and Bharti Hexacom, according to a regulatory filing.The company will hold an extraordinary general meeting of the members of the company on February 26 to also seek their approval for issuing shares to Google for its about Rs. 7,500 crore investment in the company to buy 1.28 per cent stake.According to the EGM notice, Bharti Airtel will spend Rs. 88,000 crore in business…