The National Investment and Infrastructure Fund (NIIF) disclosed a $200 million (about Rs 1,660 crore) investment in digital infrastructure firm Ibus Network and Infrastructure. The investment is intended to fuel Ibus’s organic growth by enhancing its capacities and facilitating inorganic expansion initiatives, as per an official statement.
Ibus aims to consolidate its position as a leader in in-building solutions, outdoor small cells, and managed WiFi services while venturing into emerging sectors such as Internet of Things (IoT) solutions, the statement further elaborated.
A portion of the raised funds will also be allocated towards the development of new infrastructure solutions to cater to changing market dynamics and technological advancements.
NIIF has invested in the company from its master fund.
“We were looking for the right investment partner, and with NIIF, we found partners who are completely aligned with our vision,” the company’s group chief executive Ram Sellaratnam said.
Vinod Giri, the Chief Executive of the Master Fund, highlighted that this marks the eighth investment by the infrastructure fund and the second in digital infrastructure, indicating a strong belief in the transformative potential of digital technology for India’s economy.
According to the statement, the digital infrastructure sector is projected to witness approximately $35-40 billion in capital expenditure over the next five years, signalling a significant requirement for investments in this domain.
