J. Sagar Associates (JSA) advised and assisted iBus Network and Infrastructure Private Limited (iBus) in its 100% acquisition of stake in Ubico Networks Private Limited (Ubico). Ubico is engaged in the business of designing, deploying and maintaining neutral shared in-building passive telecommunication infrastructure by means of distributed antenna systems.
The acquisition has resulted in iBus becoming one the largest neutral in-building and in-campus network coverage providers.
JSA team comprised Lead Partners – Probir Roy Chowdhury and Tony Verghese; Principal Associate – Yajas Setlur; Senior Associates – Archana Iyer, Kavya Katherine Thayil, and Radhika Gupta; Associates – Atul Lakshman, Manas Ingle and Rhea Sydney.











Probir specializes in Corporate Commercial, Venture/Private Equity and Information Technology/FinTech. He has been involved in corporate transactions focused on the high technology industry including cross border Mergers & Acquisitions.
Tony Verghese's practice is focused on the Telecommunications, Media, and Technology (TMT) sector. He advises clients on the full spectrum of regulatory, licensing, and compliance matters, including navigating complex frameworks like the Telecommunications Act, 2023. His expertise covers emerging areas such as OTT platforms, digital broadcasting, data regulations, and telecom infrastructure. Tony also provides strategic guidance on structuring TMT-related transactions, investments, and joint ventures to help clients manage risk and leverage opportunities in the sector.
Yajas is a member of JSA’s technology, media, and telecommunications (TMT) practice. In this capacity, he advises clients extensively on various aspects of Indian information technology, data privacy and e-commerce laws.