indiabulls

Nxtra Plans the Extra Mile

Bharti Airtel had hived off of its Data Centre and Managed Services business to its wholly-owned subsidiary Nxtra Data Ltd for Rs. 177 crore. There were speculations that Bharti may be looking to unlock value by divesting stake in Nxtra. Some even raised doubts about the healthy future of the entity itself. Neil Pollock, an Australian who came to look at the Airtel data center services business a few years earlier, though was not among the doubters. After all, he came to India to check the potential of growing a data center managed services business and after reviewing the technologies available and market potential, he had a strong belief that Nxtra Data business would flourish in India