Bharti Airtel has announced that its subsidiary Nxtra will invest Rs 5,000 crore by 2025 to scale up its data centre business.
Nxtra plans to build seven hyperscale data centres that will treble its capacities, attract business from neighbouring countries, and help India become a regional hub for data centres.
According to Ajay Chitkara, director and chief executive officer, Airtel Business, the investment will be made through a mix of internal accruals, equity infusion, and debt. Private equity firm Carlyle holds a 25 per cent stake in Nxtra Data.
According to Chitkara, the company has around 400 Indian and global customers, and its revenue has trebled since 2017-18.
