Lightstorm Telecom Connectivity Pvt. Ltd, backed by private equity firm I Squared Capital, secured a ₹2,500 crore ($260 million) long-term debt facility from IndusInd Bank, the company confirmed this week. The capital will support Lightstorm’s expansion plans in network infrastructure across India’s southern corridor and its subsea cable system extending to Southeast Asia, Japan, and the US, according to livemint.com.
The debt facility was arranged to finance the construction of network infrastructure and the extension of Lightstorm’s I-2SEA subsea cable system. Amajit Gupta, Lightstorm’s co-founder and managing director, highlighted the strategic importance of this funding for enhancing connectivity between India and key international markets. The deal reflects IndusInd Bank’s growing role in financing telecom infrastructure projects, as reported by livemint.com.
This funding round underscores the increasing investments in India’s digital infrastructure, especially in subsea cables that connect the country globally. Lightstorm’s ₹2,500 crore debt facility is among the larger telecom infrastructure financings this year, aligning with the sector’s push to meet rising data demand and improve international connectivity. The I-2SEA cable system expansion positions Lightstorm alongside other major players investing in subsea connectivity, per livemint.com.
Lightstorm plans to deploy the funds immediately to build network infrastructure along India’s southern corridor and to expand its subsea cable system to Southeast Asia, Japan, and the US. The company’s next major milestone is the completion of the I-2SEA subsea cable expansion, which will enhance India’s data transmission capacity across these regions, according to livemint.com.