Bharti Airtel‘s data center arm, Nxtra has raised $1 billion, led by Alpha Wave Global along with existing investor Carlyle and Anchorage Capital, Airtel said in a regulatory filing. Alpha Wave will invest $435 million, Carlyle $240 million, and Anchorage Capital $35 million, with Sunil Mittal-founded company Airtel contributing the remaining amount. The telecom major will retain a controlling stake in Nxtra following the transaction, which is subject to regulatory approvals. Alpha Wave Global is an investor in leading AI firms including OpenAI, Anthropic and Elon Musk’s xAI.