Macquarie Capital has acquired a majority stake in Excel Telesonic India, a network-as-a-service (NaaS) provider in India. Financial terms were not disclosed
India is one of the largest telecommunications markets globally. As India embraces a digitized economy, coupled with the shift toward 5G, the growth in mobile usage and demand for data capacity are accelerating the deployment of digital infrastructure. CloudExtel’s solutions for telecom operators, internet service providers, data centers, enterprises and large content providers equip them with cost-effective future-proof networks.
Macquarie Capital’s flexible capital investment will enable CloudExtel to further develop and roll out its telecommunications infrastructure portfolio, particularly in small cells and fiber, while continuing to push toward virtualized networks.
“The demand for internet data via mobile networks has risen 20-fold since 2015 in India,” said Kunal Bajaj, CEO and co-founder of