We are proud to announce Macquarie Capital, the advisory, capital markets and principal investment arm of Macquarie Group, has acquired a majority stake in CloudExtel. In India, the demand for mobile internet data has grown by 20 times since 2015. However, the infrastructure to decongest networks and enhance connectivity is not in tandem with the demand. Compared to mature global markets at ~70%, India's tower fiberisation stands at a mere 33%, with even lower penetration of enterprise and household fiber.
Macquarie Capital has bought a controlling more than 51% stake in Mumbai-based network-as-a-service provider CloudExtel for about $100 million (about ₹821 crore), making it the first such deal in the active telecom infrastructure space for the advisory, capital markets and principal investment arm of Macquarie Group.
The corporate advisory of capital markets, and principal investment arm of Macquarie Group, Macquarie Capital has acquired a majority stake in Network as a Service (NaaS) provider Excel Telesonic India Private Limited (CloudExtel).