Indus Towers has announced a bold new step to grow its business internationally by entering the African telecom market. The company’s Board of Directors recently approved a plan to expand into Nigeria, Uganda, and Zambia – three fast-growing African countries with strong demand for telecom infrastructure.
These markets present exciting opportunities for Indus Towers to increase its revenue, scale its operations, and create long-term value for its shareholders. Indus Towers will use its strong financial position and existing relationship with Bharti Airtel, a major telecom operator with a presence in Africa, to build a competitive and reliable tower infrastructure business in these regions.
This move is also in line with the Indian government’s broader vision to encourage Indian companies to expand globally and become multinational. The company plans to explore further expansion in other African countries where Bharti Airtel operates.
According to Prachur Sah, Managing Director and CEO of Indus Towers, entering African markets opens up new opportunities for sustainable growth. He emphasized the company’s ability to offer innovative and cost-effective telecom solutions, which will help Indus Towers stand out and become the preferred tower company in Africa’s rapidly growing telecom sector.
This expansion plan is subject to necessary approvals and compliance with local laws and regulations. Indus Towers will keep its stakeholders updated as the company makes further progress on this international growth journey.
In summary, Indus Towers is taking a significant step forward by leveraging its expertise and partnerships to enter promising African markets, aiming to build a strong international presence and drive future growth.
