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.