The National Investment and Infrastructure Fund Limited (NIIF) and iBUS Network and Infrastructure Private Limited (iBUS) have announced an investment of around $200 million in iBUS through NIIF’s master fund to support the growth of India’s digital infrastructure.
The funds raised will be deployed towards scaling iBUS’ operations through organic and inorganic growth initiatives. iBUS aims to strengthen its position as a leader in in-building solutions, outdoor small cells and managed WiFi services while expanding its presence in new emerging sectors (such as internet of things (IoT) solutions). Additionally, investments will be directed towards developing new infrastructure solutions to address evolving market demands and technological advancements.
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