Connect with us

Business

Carlyle buys 25% of Bharti Airtel data center arm for $ 235 million


FILE PHOTO: The Carlyle group logo is displayed in company offices in Tokyo, Japan, October 17, 2018. REUTERS / Issei Kato

BENGALURU (Reuters) – Carlyle to buy 25% stake in Indian telecoms firm Bharti Airtel Ltd data center for $ 235 million, US private equity group said on Wednesday the rapid growth of digital services in India.

The acquisition, by a subsidiary of Carlyle, will give Airxt’s Nxtra Data Ltd a business valuation of approximately $ 1.2 billion, the companies said in a statement. Airtel will own the remaining 75% of Nxtra.

Nxtra, which is building several large data centers across India, will use the proceeds of the agreement to develop its infrastructure, the companies said.

India is experiencing a surge in demand for data centers as more and more companies choose cloud computing, and consumer demand for digital services such as smartphone entertainment continues to grow, they said. added.

Cloud and entertainment services represent the next revenue frontier for traditional telecom operators like Airtel, as voice and data rates in India remain among the cheapest in the world.

Airtel’s local rival Jio, controlled by billionaire Mukesh Ambani, has a connection to Microsoft where he will build data centers hosted on Microsoft’s Azure cloud.

Report by Sachin Ravikumar; Editing by Shailesh Kuber

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]

Advertisement
plus
Uncategorized2 mins ago

The Washington Redskins will review the name, the team said

The Washington Redskins could put the name of the new team in the sport this fall if the 2020 NFL...

Politics3 mins ago

Kimberly Guifoyle, Donald Trump Jr.s girlfriend, tests positive for coronavirus in South Dakota

Saturday July 4, 2020, 4:03 p.m. By: CBS News President Donald Trump’s oldest son’s girlfriend has tested positive for forcoronavirus,...

Politics3 mins ago

Kimberly Guifoyle, Donald Trump Jr.s girlfriend, tests positive for coronavirus in South Dakota

Saturday July 4, 2020, 4:03 p.m. By: CBS News President Donald Trump’s oldest son’s girlfriend has tested positive for forcoronavirus,...

Entertainment5 mins ago

EXCLUSIVE KING OF THE MONSTERS Interview with King Ghidorah’s actor Alan Maxson

There are many facets of cinema that we, as an audience, do not often recognize. To create a big budget...

Fashion6 mins ago

Rita Ora exudes elegance in a satin dress with blue flowers

Rita Ora channels bold elegance in a satin dress with blue flowers as she poses with matching balloons on her...

Politics6 mins ago

Trump thanks Prime Minister Modi for greetings on U.S. Independence Day, says “ America loves India ”

Donald Trump thanked Prime Minister Narendra Modi for his best wishes on the 244th day of U.S. independence. On July...

Health8 mins ago

Coronavirus cases associated with East Lansing Bar rise to 158 in 15 Michigan-News-Holland Sentinel

The number of coronavirus cases associated with Harper’s Restaurant & Brew Pub in East Lansing continues to grow. As of...

Sports10 mins ago

College football season can be moved to spring amid the corona virus

Many expansive beaches are still considered too dangerous to enjoy. Many companies remain closed. Many hospitals are still short of...

Sports10 mins ago

College football season can be moved to spring amid coronavirus

Many expansive beaches are still considered too dangerous to enjoy. Many companies remain closed. Many hospitals are still short of...

Entertainment11 mins ago

British cinema pioneer Earl Cameron dies at 102 | Entertainment

Earl Cameron, who was one of the first black actors to star in traditional British films and played supporting roles...