Bharti Airtel announces US$1 billion investment in Nxtra led by Alpha Wave Global

Business Desk — Mon, 30 Mar 2026 15:30:52 +0000

Bharti Airtel has announced a substantial investment of US$1 billion in its data centre subsidiary, Nxtra Data Limited. The investment round is led by Alpha Wave Global, Carlyle, and Anchorage Capital, with Bharti Airtel also participating. Alpha Wave Global will contribute US$435 million, Carlyle US$240 million, and Anchorage Capital US$35 million, while Airtel will provide the remaining funds. The investment is aimed at expanding Nxtra’s network across India and accelerating its growth.

Post-transaction, Nxtra is expected to be valued at approximately US$3.1 billion, with Airtel retaining a controlling stake. The deal is subject to regulatory approvals in India. Nxtra plans to use the investment to enhance its infrastructure and broaden its service portfolio to meet the growing demands of enterprises, hyperscalers, and government organisations.

India’s data centre sector is experiencing rapid growth, driven by digital transformation, increased cloud service adoption, and rising demand from hyperscalers. A Savills India report projects the market to grow at a CAGR of around 21% between 2024 and 2030, reaching nearly 3,400 MW of IT capacity.

Gopal Vittal, Executive Vice Chairman of Airtel, highlighted Nxtra’s ambition to scale its capacity from the current ~300 MW to 1 GW in the coming years, aiming for a ~25% market share. Strategic partnerships with global investors and technology leaders are central to Nxtra’s growth strategy, enabling the company to deliver next-generation digital infrastructure solutions at scale.

Kapil Modi, Partner at Carlyle India Advisors, expressed confidence in Nxtra’s potential to benefit from India’s digital infrastructure growth. Rick Gerson, Co-Founder & CIO of Alpha Wave Global, emphasised the opportunity for AI-first businesses in India, while Navroz D. Udwadia, Co-Founder of Alpha Wave Global, noted the significant potential for data centre capacity expansion in India.

Nxtra operates 14 large core data centres and over 120 edge facilities across India, offering a range of services including co-location, cloud infrastructure, and edge computing. The company is developing AI-ready campuses in major cities and has partnered with Google for a gigawatt-scale AI data centre campus.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Airtel announces US$1 billion investment in Nxtra led by Alpha Wave Global

Business Desk — Mon, 30 Mar 2026 15:26:05 +0000

Bharti Airtel has announced a substantial investment of US$1 billion in its subsidiary, Nxtra Data Limited, aimed at expanding its data centre network across India. The investment round is led by Alpha Wave Global, Carlyle, and Anchorage Capital, with Bharti Airtel also participating.

Alpha Wave Global will contribute US$435 million, Carlyle US$240 million, and Anchorage Capital US$35 million, with the remaining amount infused by Airtel. The final shareholding of the investors will be subject to post-closing adjustments, while Airtel will retain a controlling stake in Nxtra. The transaction is pending regulatory approvals in India.

Nxtra, recognised as the first data centre company in India to deploy AI at scale, plans to use the proceeds to accelerate its growth plans. The company aims to scale its infrastructure and broaden its service offerings to meet the evolving needs of enterprises, hyperscalers, and government organisations.

The data centre sector in India is experiencing rapid growth, driven by digital transformation, cloud service adoption, and demand from hyperscalers. According to Savills India, the market is expected to grow at a CAGR of around 21% from 2024 to 2030, reaching nearly 3,400 MW of IT capacity.

Gopal Vittal, Executive Vice Chairman of Airtel, stated, “At Nxtra, we have built one of India’s most advanced and sustainable data centre networks. With ~300 MW capacity today, we aim to scale to 1 GW in the next few years, targeting ~25% market share.”

Rick Gerson, Co-Founder & CIO of Alpha Wave Global, expressed excitement about partnering with Bharti Group to scale Nxtra into India’s leading data centre business.

Headquartered in New Delhi, Nxtra operates 14 large core data centres and over 120 edge facilities across India. It offers co-location, cloud infrastructure, managed hosting, data backup, disaster recovery, and edge computing services. The company is developing additional AI-ready campuses in Chennai, Mumbai, and Kolkata, and has partnered with Google for a gigawatt-scale AI data centre campus.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Anchorage Capital | Business Upturn

Bharti Airtel announces US$1 billion investment in Nxtra led by Alpha Wave Global

Airtel announces US$1 billion investment in Nxtra led by Alpha Wave Global