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Toggle navigation iBus offers IBS and last-mile connectivity solutions and acts as a neutral connectivity infrastructure provider for mobile operators iBus backed by Morgan Stanley acquires Ubico Networks ANI | Updated: Apr 20, 2021 12:05 IST Bengaluru (Karnataka) [India], Apr 20 (ANI): iBus Networks and Infrastructure Ltd said on Tuesday it has acquired Ubico Networks from the Shyam Group in an all-cash deal. As per the agreement signed, iBus Group has acquired 100 per cent stake in Ubico Networks, its in-building and in-campus neutral-host infrastructure business and all related assets for around Rs 100 crore. iBus is on a mission to empower telecom companies and its consumers in utilising the power of data as India gets ready to board the 5G bus. Our data consumption pattern is one of the highest in the world, said Ram Sellaratnam, CEO and Managing Director of iBus. ....
iBus Networks acquires Ubico for ₹100 cr PTI New Delhi | Updated on April 20, 2021 × This acquisition would enable iBus Networks sharing its neutral IBS and DAS infrastructure with mobile operators iBus Networks and Infrastructure Ltd on Tuesday said it has acquired Ubico Networks for around ₹100 crore. iBus has acquired Ubico Networks from Shyam Group in an all-cash deal. As per the agreement signed, iBus Group has acquired 100 per cent stake in Ubico Networks, its in-building and in-campus neutral-host infrastructure business and all related assets for around ₹100 crore, according to a statement. Earlier this month, iBus had sold a minority stake to Morgan Stanley India Infrastructure for ₹150 crore ( $21 million). ....