Indus Towers Limited has announced a major step in expanding its business brand in African markets.
This follows a meeting held earlier in the day, which reviewed and deliberated on strategic opportunities to expand the Companyโs footprint across select international markets.
Recognizing the growth potential in emerging geographies, the Board has approved the Companyโs foray into African markets, beginning with Nigeria, Uganda, and Zambia, markets that offer attractive prospects for revenue diversification, operational scalability, and long-term value creation.
The Company is expected to leverage on its robust financial position and anchor customer relationship with Bharti Airtel to establish a strong and competitive presence in these regions.
As part of its broader growth strategy, the Company will continue to evaluate expansion opportunities in other African markets where Airtel has an established presence.
This strategic direction also complements the Government of Indiaโs broader vision of encouraging Indian enterprises to expand globally and evolve into multinational entities.
The Boardโs approval to enter international markets in Africa unlocks our vision for long-term sustainable growth and value creation for our shareholders. By leveraging our expertise in delivering innovative and cost-effective solutions, we are well-positioned to differentiate ourselves in Africaโs fast-growing telecom market and emerge as the preferred tower company,โPrachur Sah, Managing Director & CEO, Indus Towers stated.
Indus Towers Limited is Indiaโs leading provider of passive telecom infrastructure, and it deploys, owns and manages telecom towers and communication structures, for various mobile operators. The Companyโs portfolio of 251,773 telecom towers makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles.
The company also caters to all wireless telecommunication service providers in India.
The Company has also been the industry pioneer in adopting green energy initiatives for its operations.
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