“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,” Sellaratnam added.
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.