Economic Laws Practice (ELP) has advised Ibus Network and Infrastructure Private Limited on its 100% acquisition of Firefly Networks Limited.
ELP provided end-to-end legal assistance in connection with the transaction including undertaking comprehensive legal due diligence exercise of Firefly to identify potential risks and liabilities, drafting, negotiating, and finalizing transaction documents and advising the client on all aspects of the closing.
The transaction team was led by Sujjain Talwar (Co-Founding Partner) and assisted by Vinit Shah (Principal Associate), Farhan Ali (Senior Associate), Pranaav Gupta and Pallavi Agarwal (Associates).
iBus is the largest neutral digital infrastructure player, transforming and delivering connectivity solutions in India with objective of reducing digital divide. The company offers mobility platforms to telcos, WiFi, and IoT platforms to enterprises and has hospitality and retail customers in six to seven countries and manages the network for them.
The acquisition underscores the iBus' strategic focus on revolutionizing telecom infrastructure.
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