Blackstone-backed AirTrunk to set up data centers in India
AirTrunk, the Aussie data center company backed by Blackstone, is setting up shop in India to fuel the country's growing need for AI infrastructure.
CEO Robin Khuda says plans are already in motion, and with India's massive, tech-loving youth population, it's easy to see why this market is so appealing.
AirTrunk just secured a massive A$16 billion refinancing deal
To fund its expansion across Asia-Pacific, AirTrunk just locked in a huge A$16 billion refinancing deal.
Blackstone's A$24 billion (about $16 billion USD) acquisition of AirTrunk was one of the biggest digital infrastructure buys ever.
The firm already manages over $50 billion in Indian assets—including real estate hotspots like Mumbai and Bengaluru—but CEO Stephen Schwarzman cautioned that scaling up data centers isn't without challenges, especially when it comes to electricity supply constraints.