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IBus aims to leverage freshly raised funds towards scaling its operations through organic and inorganic initiatives. It also aims to further strengthen its position in in-building solutions (IBS), outdoor small cells and managed WiFi services while expanding its presence in new emerging sectors such as Internet of Things (IoT) solutions.
Once concluded, this will be the NIIF Master Fund’s second investment in digital infrastructure
NIIF is set to acquire a majority stake of 55-60% in iBus Networks, a leading provider of in-building wireless solutions in India, for Rs 1,600 crore ($200 million). The current minority stakeholder, Morgan Stanley India Infrastructure Fund, will retain its position, and the company's management will continue to run the business. iBus Networks offers in-building sharing (IBS) and last-mile connectivity solutions, serving clients such as Airtel, Jio, and Vodafone Idea.
Telecom infrastructure providers are seeking availability of input tax credit, an increase in tax depreciation rate, and rationalisation of TDS provisions in their Budget wishlist. Measures to facilitate ease of doing business will increase investment and contribute to the industry's long-term growth. The telecom infrastructure industry is also seeking government support for the availability of input tax credit on telecom towers and the rationalisation of TDS provisions on purchase of electricity and purchase of diesel.
Telecom Infrastructure Providers: The Delhi-based group has also written to the Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, seeking support for the telecom infrastructure industry in the upcoming budget.