Airtel Invests $1 Billion in Nxtra Unit With Carlyle, Anchorage

Bharti Airtel announced an investment of $1 billion by Alpha Wave Global, Carlyle Group and Anchorage Capital in Nxtra Data Ltd., a subsidiary engaged in the data center business, India’s second-largest wireless carrier said Monday.

Alpha Wave Global will invest $435 million, existing investor Carlyle $240 million, Anchorage Capital $35 million, with Airtel providing the remaining capital, according to a company statement.