iBus Networks acquires Ubico for ₹100 cr
PTI
New Delhi |
Updated on
April 20, 2021
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This acquisition would enable iBus Networks sharing its neutral IBS and DAS infrastructure with mobile operators iBus Networks and Infrastructure Ltd on Tuesday said it has acquired Ubico Networks for around ₹100 crore. iBus has acquired Ubico Networks from Shyam Group in an all-cash deal. As per the agreement signed, iBus Group has acquired 100 per cent stake in Ubico Networks, its in-building and in-campus neutral-host infrastructure business and all related assets for around ₹100 crore, according to a statement. Earlier this month, iBus had sold a minority stake to Morgan Stanley India Infrastructure for ₹150 crore ( $21 million).