Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Carlyle to acquire 25 percent stake in Bharti Airtel’s Data Centre business

Wednesday, 01 Jul 2020
Share this on :
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, have entered an agreement.

As part of the agreement Comfort Investments II will invest USD 235million in Nxtra Data (Nxtra), a wholly-owned subsidiary of Airtel engaged in the data centre business.

The post-money enterprise valuation of Nxtra is approximately USD 1.2 billion and Carlyle will hold a stake of approximately 25 percent in the business upon completion of the transaction, with Airtel continuing to hold the remaining  stake of approximately 75 percent.

The transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India.

Nxtra is building multiple large data centres across the country to capture the significant growth opportunities in India.

In 2019, the company commissioned a state-of-the-art data centre in Pune and is building more centres across Chennai, Mumbai and Kolkata.

Nxtra will use the proceeds from the transaction to continue scaling up its infrastructure and offerings across the country.

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services