iBus Networks

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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 secondary shares of existing investors in order to provide non-commercial risk mitigation and capacity building on areas including Environmental, Social and Governance. For more company information, see their Internet site here: https://ibusglobal.com/ The proposed project involves a significant expansion of outdoor connectivity technologies in densely populated areas in 70+ cities in India, and indoor connectivity technologies in areas like metro stations, airports, and tunnels, as well as Wi-Fi in hotels, education campuses, hospitals, and malls.