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Stock impact report

Billionaire Sunil Mittal’s Airtel, Partners To Invest $1 Billion In Indian Data Center Projects [Forbes]

Cushman & Wakefield Ltd. Common Shares (CWK) 
Last cushman & wakefield ltd. common shares earnings: 2/27 04:09 pm Check Earnings Report
Company Research Source: Forbes
Under the deal, which is subject to regulatory approvals, three U.S. private equity firms will inject fresh capital into Airtel's data center unit, Nxtra Data. Alpha Wave Global will invest $435 million, Carlyle will contribute $240 million, and Anchorage Capital will add $35 million. The remaining investment will come from Airtel, which will keep a controlling stake in Nxtra, according to a statement released on Monday. “Strategic partnerships with global investors and technology leaders are central to our growth roadmap, enabling us to accelerate expansion, harness world-class expertise, and deliver next generation digital infrastructure solutions at scale,” Gopal Vittal, executive vice chairman of Airtel said in the statement. Nxtra currently operates 14 data centers across India with a total capacity of about 300 megawatts. The company is building new facilities across Chennai, Mumbai and Kolkata, aiming to expand its capacity to 1 gigawatt in the next few years. In partner Show less Read more
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