Carlyle to acquire 25% stake in Bharti Airtel's Airtel's data centre business Nxtra
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ET Now newsbreak about the Airtel-Carlyle deal has now been confirmed. US-based global investment firm Carlyle Group will be buying for about 25 per cent stake in Nxtra Data Ltd, a wholly-owned subsidiary of Bharti Airtel engaged in the data centre business. Airtel will continue to hold the remaining stake of approximately 75 per cent, confirmed by Airtel Bharti. The post-money enterprise valuation of Nxtra is approximately $1.2 billion and Carlyle will hold a stake of approximately 25 per cent in the business after the deal will be completed. Bharti Airtel is also expected to raise its scale in the ongoing data sale business. Listen to know more details. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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