Indus Towers announced that it has reviewed strategic opportunities to expand the company’s footprint across select international markets. The company’s board has approved its foray into African markets, beginning with Nigeria, Uganda, and Zambia.
Prachur Sah, Managing Director & CEO, Indus Towers, said that the board’s 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 Africa’s fast-growing telecom market and emerge as the preferred tower company.”, Sah added.
Bharti Airtel factor
The company will start its business in African countries with its existing partner Bharti Airtel, which has a strong presence in the region and has the 3rd largest market share. Combined with the growth potential in emerging opportunities in Africa, its robust financial position, and anchor customer relationship with Bharti Airtel, the company is well-positioned for an entry into international markets.
The company said that the African markets offer attractive prospects for revenue diversification, operational scalability, and long-term value creation. The company stated that as part of its broader growth strategy, it will continue to evaluate expansion opportunities in other African markets where Airtel has an established presence.
In its statement, the company added that the proposed expansion into the African markets is still subject to necessary approvals and compliance with applicable laws and regulatory requirements.
Indus Towers India business
Indus Towers is one of India’s leading providers of passive telecom infrastructure to the telecom companies of India. The company deploys, owns and manages telecom towers and communication structures for the leading mobile operators.
The Company operates 251,773 telecom towers under its portfolio, making it one of the largest tower infrastructure providers in the country, having a presence in all 22 telecom circles of India. Indus Towers caters to all wireless telecommunication service providers in India.