Nomura invests Rs 125 Crore in telecommunications company Ibus

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By PTI IST (Released)

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The strategic investment will allow the iBus group to consolidate and transform the digital infrastructure into services managed by wifi and other value-added services.

Global financial services group Nomura has invested Rs 125 crore in Morgan Stanley-backed telecoms infrastructure company iBus Group, the Bengaluru-based company announced on Monday.

The strategic investment will allow the iBus group to consolidate and transform the digital infrastructure into services managed by wifi and other value-added services.

The funding will also help expand iBus Group’s presence globally through its subsidiaries in Singapore, Dubai and the United States, the company said.

“With this investment, we envision accelerating protocol convergence to amplify the digital service experience for our customers. Currently, digital connectivity infrastructure is geared towards urban and tier 1 states/cities in India, this which leads to a huge digital divide.

iBus will now scale and eliminate inefficiencies to accelerate the essential digitalization of our economy,” said iBus Group, Director and CBO, Subash Vasudevan.

Nomura’s managing director, responsible for lending and major investments in India, Ambrish Singh, said the company’s investment will enable iBus to drive consolidation and expand its digital footprint.

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