PROJECT

Projects

Summary of Investment Information

Project Number

48232

Company Name

IBUS NETWORK AND INFRASTRUCTURE PRIVATE LIMITED

Date SPI Disclosed

Apr 30, 2024

Country

India

Region

South Asia

Projected Board Date

Jun 12, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 9, 2024

Department

Regional Industry - INF Asia & Pac

Industry

Telecommunications and Technology

Previous Events

Approved : Jun 12, 2024
Signed : Jul 19, 2024
Invested : Jul 30, 2024

Sector

Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)

Project Description

The proposed IFC transaction is an equity investment of up to US$35 million in iBus Network and Infrastructure Private Limited (iBus, or the Company) which provides host-neutral in-building connectivity solutions (IBS) in India and serves hospitality customers through managed Wi-fi services (MWS). IFC investment will be used to buy shares of existing investors in order to provide non-commercial risk mitigation and capacity building on areas including Environmental, Social and Governance.

Associated Advisory Engagement

Not applicable

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation