PE Fund Investments
Macquarie acquires majority stake in network service provider CloudExtel for $100-M
Macquarie Capital has acquired a majority stake in Mumbai-headquartered Excel Telesonic India Pvt Ltd, which operates network service provider CloudExtel, for USD 100 million. Founded in 2015, CloudExtel is a unit of Bombay Gas Company, which will now hold a minority stake. The investment is expected to enable CloudExtel to develop and roll out its telecommunications infrastructure portfolio, particularly in small cells and fibre. It will also fund the company's foray into virtualised networks. CloudExtel offers Network-as-a-Service (NaaS), providing infrastructure services such as Small Cell Hosting, FTTH (fibre to the home), Intra-City Fibre and Virtualised Networks to telecom operators and internet service providers. Its customers include data centres, enterprises, and large content providers, in 400 cities and towns across India.
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