Announced
Completed
Financials
Sources
Tags
Telecommunications Services: Other
Acquisition
telecommunications
Domestic
Private
Private Equity
Friendly
Minority
Single Bidder
India
Completed
Synopsis
National Investment and Infrastructure Fund, a government owned company which maintains infrastructure investments funds, completed the $200m investment in iBUS, a digital infrastructure solutions company in India. “Bharat is one of the fastest growing economies in the world and is poised for a digital revolution. Digital infrastructure is critical to our country’s growth and with a 60% YoY growth, iBus is geared up to participate and contribute to the Bharat story. We were looking for the right investment partner and with NIIF we found partners who are completely aligned with our vision. iBUS can deliver at scale and we are here to transform connectivity in the country at scale, speed, and the right value," Ram Sellaratnam, iBUS CEO.
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