Warburg Pincus has acquired Cibernet, one of the most experienced vlearing and roaming business service provider for telecom companies across the world, for over $200 million.
The move havs proved to be a windfall for iLabs, a PE firm operating out of Hyderbad and Chennai, which wasa an anchor investor along with the Cellular Telecommunications and Internet Assocaition in Cibernet.
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