Friday, 24 March, 2023

iBus Networks acquires Ubico Networks for Rs 100 cr

<p>iBus Networks, a Morgan Stanley Infrastructure fund-backed firm, has acquired Ubico Networks for Rs 100 cr to become one of the largest neutral in-building and in-campus network coverage providers in the country. It deploys IBS infrastructure across 233 commercial and retail sites and helps telcos improve network capacity and coverage. Morgan Stanley, recently, had invested Rs 150 cr in the Bengaluru-based firm to fund its inorganic growth.</p>