Airtel buys ₹2,900cr land for 400-500MW data center toward 1GW
Airtel just bought land worth ₹2,900 crore to set up a huge 400- to 500-megawatt data center, taking a major step toward its goal of creating 1 gigawatt of data center infrastructure.
This is all about meeting India's growing need for digital storage and cloud services as more people and businesses go online.
Nxtra completes around $800m equity raise
Airtel isn't stopping here. It's eyeing more land deals and teaming up with partners to speed up construction.
"Some of that demand from the US may get directed toward India," it sees big growth ahead.
To fund it all, Nxtra recently completed an equity raise of around $800 million and will use both debt and cash reserves.
Plus, it's exploring AI-powered infrastructure for enterprises, so expect more than just your usual telecom services in the future.