I Squared Cap To Invest $300 Million In Telecom Infra Platform Lightstorm

- Advertisement -
  • I Squared Capital plans to acquire optical fibre networks to set up a carrier-neutral telecom infrastructure platform
  • In India, I Squared Capital has so far set up two platforms—Cube Highways, a roads and highways platform and the recently-divested Amplus Energy Solutions

New York-based I Squared Capital plans to invest around $300 million in Lightstorm Telecom Ventures, its telecom infrastructure platform in India.

The investment by I Squared Capital comes in the backdrop of its sale of Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers, to Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas, for2,700 crore.

I Squared Capital plans to acquire optical fibre networks to set up a carrier-neutral telecom infrastructure platform.

- Advertisement -

The infrastructure-focused private equity firm has over $13 billion of assets under management. It focuses on energy, utilities and transport in North America, Europe and high-growth economies.

In India, I Squared Capital has so far set up two platforms—Cube Highways, a roads and highways platform and the recently-divested Amplus Energy Solutions. Cube Highways was set up along with International Finance Corp. (IFC).

What’s on the agenda?
I Squared Capital’s focus on setting up a carrier-neutral telecom infrastructure platform comes against the backdrop of the National Democratic Alliance government’s focus on fibre network in its National Digital Communications Policy-2018, which aims to attract $100 billion in investments in digital communications.

I Squared Capital invested $150 million in Amplus in April 2015 and helped it to grow to become India’s largest rooftop solar power producer by over 400 per cent annually before selling its stake. The firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.

(News courtesy: The Mint)

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

NVIDIA Record $26B Q1 Revenue, Announces Stock Split And Dividend Hike

0
The quarterly cash dividend has been raised by 150%, resulting in $0.01 per share on a post-split basis. NVIDIA reported first-quarter revenue for the period...

“AIC-T-Hub Aims To Grow Startups So More Indian Unicorns Can Contribute To The GDP”

0
T-Hub has collaborated with Atal Incubation Centre (AIC), initiated by the Atal Innovation Mission to incubate semiconductor startups, fostering innovation for India’s advancement in...

Pros And Cons: Boult’s Varun Gupta On Contract Electronics Manufacturing

0
While contract electronics manufacturing is not a new concept in India, it has lately picked up a pace never seen before. But what has...

Buzz

NVIDIA Record $26B Q1 Revenue, Announces Stock Split And Dividend Hike

0
The quarterly cash dividend has been raised by 150%, resulting in $0.01 per share on a post-split basis. NVIDIA reported first-quarter revenue for the period...

ASUS IoT And BRESSNER Technology Launch CTOS

0
The collaborative approach seamlessly integrates advanced features across CTOS solutions, fostering synergy. ASUS IoT has recently unveiled a strategic collaboration with BRESSNER Technology, aiming to...

Samsung Appoints Veteran Amid AI Chip Challenges

0
This shake-up, effective immediately, sees Young Hyun Jun transitioning from his role in future business planning to tackle the booming demand for high-end AI...

Important Sectors

Renault Kwid, Maruti eVX: 15 Upcoming EVs Under ₹10 Million (1 Crore) In India

0
Should you wait or buy an electric car from the existing options in India? Well, that’s a question only you should answer! However, if...

Commercial EV Finance: Empowering Younger Companies To Drive Growth

0
While electric three-wheelers have emerged as the face of EV adoption in India, startups engaged in their retail need increased access to finance for...

Samsung Appoints Veteran Amid AI Chip Challenges

0
This shake-up, effective immediately, sees Young Hyun Jun transitioning from his role in future business planning to tackle the booming demand for high-end AI...

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

Progress And Challenges In Autonomous Commuting

0
Despite over a decade of technological advancements and testing in cities like Phoenix and San Francisco, robotaxis still faces significant hurdles.  Companies like Waymo, Cruise,...

Manufacturing

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

EVR Motors Discusses Tech Sharing With Indian OEMs

0
The Israel-based EVR Motors designs Radial Flux Permanent Magnet (RFPM) motors and licenses this technology for manufacturing by OEMs and component makers. EVR Motors, an...

Automotive Electronics Industry Growth Prospects And Strategies

0
From electric vehicles (EVs) to autonomous vehicles, discover the challenges, key players, and market segments driving a $136 billion industry revolutionising vehicles and the...
Siemens and CSA

Siemens To Sell Innomotics To KPS For $3.8B

0
Siemens chief financial officer Ralf Thomas expressed his pleasure at the significant progress made in optimizing their portfolio through the sale of Innomotics to...
Siemens and CSA

Siemens Limited Announces ₹1000 Crore Capex

0
In a statement, Siemens announced that it is expanding its factory operations in Goa to address the rapidly growing demand for essential industry components. Siemens...