2020
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which company has decided to acquire about 25% stake in India’s second largest telecom company Bharti Airtel’s data centre business-Nxtra Data Ltd-for $235 million?
|
|
General Electric
|
|
|
Wal-Mart
|
|
|
Carlyle Group
|
|
|
General Motors
|
Explanation:
Detailed explanation-1: -Airtel continues to hold the remaining stake in the data centre company. Bharti Airtel Wednesday said that CA Cloud Investments, an affiliate the US-based Carlyle Group, has completed the acquisition of 24.04% stake in the Indian telco’s data centre subsidiary Nxtra Data.
Detailed explanation-2: -The cash inflow from Carlyle Group will further enable the telco in making larger investments faster.
There is 1 question to complete.