Get All Access for $5/mo

Macquarie Capital Acquires Majority Stake In CloudExtel Macquarie Capital's flexible capital investment will enable CloudExtel to further develop and roll out its telecommunications infrastructure portfolio

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Macquarie Capital, the corporate advisory, capital markets, and principal investment arm of Macquarie Group, has acquired a majority stake in Excel Telesonic India Private Limited (CloudExtel), a leading network as a service (NaaS) provider in India. Macquarie Capital's flexible capital investment will enable CloudExtel to further develop and roll out its telecommunications infrastructure portfolio, particularly in small cells and fibre while continuing to push the envelope towards virtualized networks, which will facilitate improved performance and faster data connectivity for end users.

"With the rapid growth of digitalisation, better network coverage and capacity is essential to enabling people to stay connected. We are excited to leverage our global experience to support CloudExtel in expanding their telecommunications portfolio as well as enhancing the quality and effectiveness of connectivity for local communities across India," Ivan Varughese, senior managing director and head of infrastructure and energy capital, Asia Pacific, Macquarie Capital.

Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group that encompasses corporate advisory, a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie's balance sheet.

"Partnering with Macquarie Capital and their flexible balance sheet will help us substantially scale our infrastructure services and imbibe global best practices, ultimately leading to superior networks for telecom operators and delighted end users," said Kunal Bajaj, CEO and co-founder, CloudExtel.

CloudExtel is a Network as a Service (NaaS) provider offering infrastructure services such as Small Cell Hosting, FTTH, Intra-City Fibre and Virtualized Networks that provides solutions to telecom operators, internet service providers, data centers, enterprises and large content providers for addressing the challenges emerging from the hyper-growth of data consumption in India.

"CloudExtel has been built from the ground up with a view of improving the economics of telecom operators and service experience of end users. It has grown at a revenue CAGR of more than 84% for over five years with a positive EBITDA. To continue to grow at an aggressive rate, achieve the next level of scale and provide its latest offering in infrastructure sharing, a significant amount of capital would be required. We are very proud to be partnering with Macquarie Capital, an organisation with a vision, appetite and culture which is aligned with that of CloudExtel," said Ashish Jalan, founder, CloudExtel and director, Bombay Gas Company Limited.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.

Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.

Celebrity Entrepreneurs

The Pep Talk From Mickey Mouse We All Need to Hear, Compliments of Chris Diamantopoulos

Chris Diamantopoulos, the star of "The Sticky," "Red Notice" and the voice of Mickey Mouse, gets real about resilience, chasing dreams, and his desperate wish for a normal hobby.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.