MUMBAI, June 6 An affiliate of private equity
firm Warburg Pincus will invest up to $300 million in
Princeton Growth Ventures which aims to build a global tech,
media and telecoms (TMT) infrastructure business.
Princeton GV's business will particularly focus on data
centres and digital media services in emerging markets such as
India and China, the company said in a statement on Tuesday.
"We believe telecom companies will increasingly divest
non-core assets, which should lead to a number of attractive
investment opportunities in data centres and the broader TMT
infrastructure sector," Viraj Sawhney, managing director,
Warburg Pincus, said in the statement.
(Reporting by Sankalp Phartiyal; Editing by Subhranshu Sahu)