February 25, 2025
Mumbai, India, February 12, 2025: Economic Laws Practice advised Ibus Network and Infrastructure Private Limited (“iBus”), in connection with its 100% acquisition of Firefly Networks Limited. The deal underscores the purchaser’s strategic focus on revolutionizing telecom infrastructure and highlights ELP’s expertise in navigating complex transactions in the technology and telecommunications space. 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.
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 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)
February 17, 2025
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