Nomura is an international financial services company has invested Rs.125 millions in iBus Group, which is a Bengaluru-based telecom infrastructure and technology-related company.
This investment strategy will enable iBus Group to consolidate and transform its digital infrastructure into managed Wi-Fi services as well as various other services that add value. According to the report, the funds will also enable to allow iBus Group to extend its global reach by establishing subsidiaries with offices in Singapore, Dubai, and the United States.
Established by Sunil Menon, Subash Vasudevan as well as Ram Sellaratnam in 2010, iBus Group owns multidimensional networks covering over one billion square feet. They comprise 750 venues across 52 cities. The expansion of Wi-Fi management to the iBus group’s current business of developing neutral host active and passive IBS networks in a variety of places in India will allow the company to be one of the nation’s top networks for multi-dimensional connectivity. In addition, through its connectivity platform it will be able to offer the Internet of Things (IoT) solutions to new and existing customers.
Director and CBO of iBus, Subhash Vasudevan, envisions that as a result of the investment, there will be an increase to the convergence of protocol in order to enhance customer experience.