Morgan Stanley India Infrastructure acquires stake in iBus Networks ANI | Updated: Apr 10, 2021 14:22 IST
Mumbai (Maharashtra) [India], Apr 10 (ANI): Morgan Stanley India Infrastructure has made an investment of Rs 150 crore to acquire a stake in iBus which offers in-building wireless solutions, outdoor small cells and other last-mile connectivity solutions to mobile operators to enable them to serve their customers seamlessly.
The company currently deploys its infrastructure across 233 commercial, residential and retail sites across the country with a tenanted area of 276 million square feet. Cipher-Plexus Capital Advisor was exclusive advisor for the transaction. Connectivity is fundamental to large developing digital economies like India and our mission is to build an end-to-end intelligent, scalable and convergent connectivity ecosystem, said Ram Sellaratnam, Sunil Menon and Subash Vasudevan, Co-Founders of iBus.
Morgan Stanley India Infrastructure has acquired a stake in iBus Networks for $21 million (around Rs 150 crore). iBus offers in-building wireless solutions, outdoor small cells and other last-mile connectivity solutions to mobile operators to enable them to serve their customers seamlessly. With Covid forcing professionals and companies to adopt to WFH, the demand for robust in-building connectivity has increased manifold. The need for low latency, high-speed internet is being demanded be it for running schools and colleges online or WFH, e-comm, online transactions and remote health monitoring has never been felt so urgently before. iBus, through its coverage of 277 million sq ft across top 10 cities, serves approx four million customers. The company currently deploys its infrastructure across 233 commercial, residential and retail sites across the country.
Morgan Stanley India Infrastructure buys stake in iBus Networks for $21m
Photographer: Mark Kauzlarich/Bloomberg
Morgan Stanley India Infrastructure has acquired a stake in iBus Networks for $21 million ( ₹150 crore).
iBus offers in-building wireless solutions, outdoor small cells and other last-mile connectivity solutions to mobile operators to enable them to serve their customers seamlessly. With Covid forcing professionals and companies to adopt work from home (WFH), the demand for robust in-building connectivity has increased manifold.
The need for low latency, high-speed internet is being demanded be it for running schools and colleges online or WFH, e-comm, online transactions and remote health monitoring has never been felt so urgently before.
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Continuum Green Energy eyes IFC for green fund bond funding
February 11, 2021
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IFC subscribed to 10% of Continuum’s first green bond that listed on the Singapore bourse on February 10
Mumbai-based Continuum Green Energy Ltd has tapped the International Finance Corporation (IFC) to anchor its first green bond.
IFC has subscribed to 10 per cent of Continuum Green Energy’s first green bond, which listed on the Singapore stock exchange on February 10. The offering raised $561 million and will primarily be used to refinance existing debt.
Continuum is a provider of renewable power to corporates in the commercial and industrial sectors in India, with roughly two gigawatts of wind and solar projects across the country. The company is majority-owned by a $4-billion global infrastructure fund managed by Morgan Stanley Infrastructure Partners, that focuses on long-term investments in infrastructure assets across the globe. IFC’s investment continues a relationship that began in