Fibre connectivity provider Lightstorm raises Rs.700-Cr from NIIF

Gurugram- and Singapore-based fibre assets company Lightstorm Telecom Connectivity has raised INR 700 crore from the National Investment and Infrastructure Fund (NIIF) for investing in enterprise fibre connectivity in areas such as AI data centres, intercity digital highways and undersea cable landings.Since its inception about three and a half years ago, the I Squared Capital-backed company has invested more than USD 100 million for setting up a fibre network spanning 30,000 km connecting 65 data centres.