Earlier this year it opened the world’s third largest data center, and now Tulip Telecom is considering selling 25% of it to raise funds to cover debt for its build.

According to a report by website DealCurry, Tulip Telecom managing director Colonel HS Bedi said was considering putting a quarter of the data center on the market for financial or strategic invetors so it could repay US$97m for Foreign Currency Convertible Bonds due in August.

So far it has paid back US$53m of the US$150m raised though the bond for the data center which opened in February 2012.

It also raised its own mezzanine funding of US$49.7m and invested US$45.7m of its own funds in the facility.

The Tier III built data center – Tulip Telecom’s fifth – covers 9m sq ft in Bangalore has a power usage effectiveness of about 1.5, according to Tulip, with an average PUE of 2.

It can house 12,000 racks and support 100MW of power.

The data center, which is the biggest in India, was built with the help of IBM, Cisco, Schneider Electric, Panduit, Emerson, Corning and EMC.

IBM, NTT and HP have alredy taken up space in the facility, bringing in revenue of about US$23.86m to the colocation facility.