Morgan Stanley-backed iBus group raises 1.25 billion from Nomura
The iBus Group, a leading telecom infrastructure & technology company that provides digital platforms, welcomes an investment of INR 1.25 billion from Nomura, a global financial services group.
This strategic investment will enable iBus Group’s consolidation and transformation of digital infra in Wi-Fi managed services and other value-added services. The funding will also enable to expand the iBus Group’s presence globally through its subsidiaries in Singapore, Dubai & US.
Welcoming the investment, the Director and CBO of iBus group, Mr. Subash Vasudevan stated, “Our consolidated strengths will enable us to scale our end-to-end intelligent, and convergent connectivity ecosystem. With this investment, we envision accelerating the convergence of protocols to amplify the experience of digital services for our customers. Currently, digital connectivity infrastructure is skewed towards urban & tier 1 states/cities in India resulting in a huge digital divide. iBus will now build scale and eliminate inefficiencies to fast track the essential digitalization of our economy”.
Mr. Ambrish Singh, Managing Director and Nomura’s Head of Loans and Principal Investments in India, said, “We are delighted to participate in the growth journey of iBus. Our investment will allow the company to drive consolidation and scale its digital footprint.”
iBus group-owned multidimensional networks are deployed across ~ 1. billion sqft area with 750 sites in 52 cities. The aspect of managing Wi-Fi along with the existing business of building neutral host passive and active IBS networks across various venues in India, shall enable the iBus group to become one of the largest multi-dimensional connectivity network operators in the country. Additionally, the company will offer its Internet of Things (IoT) solutions to its existing and new customers on its world-class connectivity platform.
Kunal Kumthekar, Founder & Managing Director of Cipher-Plexus Capital Advisor, was the exclusive advisor on this transaction. Commenting on the investment, Kunal stated, “iBus is poised for a major growth through the acquisitions and having backing from quality investors is an asset. ”
About iBus group-
iBus is a specialist in deploying & operating digital infrastructure that delivers seamless neutral cellular/wi-fi/data connectivity in large campuses, IT Parks, Hospitals, commercial buildings etc. on PAN India basis. Founded in the year 2010, ibus Networks is an in-building connectivity solution company with vision to build & blitz scale a financially strong Digital Infrastructure company for the future connected economy. The company offers a solution to enhancing the mobile signal network to provide seamless indoor high-speed connectivity and bridging the digital gap with making broadband facilities available in underserved locations.