11 April 2024 – The National Investment and Infrastructure Fund (NIIF) has acquired a controlling share in iBus Networks and Infrastructure Pvt Ltd, a prominent player in the telecom infrastructure area. This calculated move is expected to transform the telecom landscape in India completely. With the acquisition, which comes with a hefty $200 million price tag, NIIF is taking a risk by entering the rapidly expanding connectivity solutions market.
Renowned for its creative deployment of managed Wi-Fi services and in-building solutions (IBS), iBus Networks has quickly established itself in India’s evolving telecom industry. With this injection of funds and knowledge from NIIF, iBus is well-positioned to reach new heights and solidify its leadership position in the sector.
iBus is preparing for a bold growth push with the support of NIIF and is looking to acquire companies in the managed Wi-Fi and IBS spaces. This calculated move seeks to increase iBus’s capabilities and solidify its position in the cutthroat telecom market.
Conclusion
Experts in the field predict that the collaboration between NIIF and iBus would spur the creation of state-of-the-art telecommunications infrastructure, enabling millions of Indians to have better connectivity and participate in the digital economy. All eyes are on us as it enters its next stage of expansion and continues to influence the direction of Indian telecoms.
