Morgan Stanley India Infra invests $21 mn in connectivity solutions co iBus

Morgan Stanley India Infrastructure has acquired a stake in iBus Networks for $21 million (around Rs 150 crore).

iBus offers in-building wireless solutions, outdoor small cells and other last-mile connectivity solutions to mobile operators to enable them to serve their customers seamlessly. With Covid forcing professionals and companies to adopt to WFH, the demand for robust in-building connectivity has increased manifold. The need for low latency, high-speed internet is being demanded be it for running schools and colleges online or WFH, e-comm, online transactions and remote health monitoring has never been felt so urgently before.

iBus, through its coverage of 277 million sq ft across top 10 cities, serves approx four million customers.