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Carlyle to acquire 25% stake in Bharti Airtel’s data centre business

01 Jul 2020 Evaluate

Bharti Airtel and Comfort Investments II, an affiliated entity of CAP V Mauritius, an investment fund managed and advised by affiliated entities of The Carlyle Group (together Carlyle), have entered into an agreement under which Comfort Investments II will invest $235 million in Nxtra Data, a wholly owned subsidiary of Bharti Airtel engaged in the data centre business.

The post-money enterprise valuation of Nxtra is approximately $1.2 billion and Carlyle will hold a stake of approximately 25% in the business upon completion of the transaction, with Airtel continuing to hold the remaining stake of approximately 75%. The transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India.

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

Bharti Airtel Share Price

1758.15 -76.75 (-4.18%)
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