Macquarie Capital and Advencap Acquire Majority Stake in CloudExtel
May 12, 2023
Macquarie Capital has acquired a majority stake in Excel Telesonic India Private Limited (CloudExtel), a Network-as-a-Service (NaaS) provider in India, with Advencap joining the investor consortium. The investment will provide capital to scale CloudExtel's telecommunications infrastructure — particularly small cells, fibre and virtualized network offerings — to support growing data demand and 5G rollout across India.
- Buyers
- Macquarie Capital, Advencap
- Targets
- Excel Telesonic India Private Limited (CloudExtel)
- Industry
- Telecommunications
- Location
- Maharashtra, India
- Transaction Type
- Buyout
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