CCI approves Alpha Wave Global's stake purchase in Nxtra
after close1 source ↓written by the desknot a recommendation
The Competition Commission of India (CCI) has approved Alpha Wave Global's acquisition of a stake in Nxtra Data, a subsidiary of Bharti Airtel. This investment, amounting to USD 435 million, is part of a larger USD 1 billion fundraising led by Alpha Wave Global, Carlyle, and Anchorage Capital. Bharti Airtel will retain a controlling stake in Nxtra Data post-transaction.
This approval is significant as it strengthens Nxtra's position in the data center market, enhancing its service capabilities and growth potential.
Not investment advice. For informational purposes only.