Carlyle to acquire about 25% stake in Airtel’s Data Centre business for $1.2 billion
Image Credit: shortpedia
Bharti Airtel on Monday announced that the Carlyle Group will acquire about 25 per cent stake in Airtel's data centre business, Nxtra Data, for USD 1.2 billion. The post-money enterprise valuation of Nxtra is approximately US$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%.