Africa-Press – Uganda. Indus Towers Limited today announced that its Board of Directors, in a meeting held earlier in the day, has reviewed and approved a strategic plan to expand the Company’s operations into select international markets.
Recognizing the significant growth potential in emerging economies, the Board has endorsed the Company’s entry into the African continent, beginning with Nigeria, Uganda, and Zambia. These markets present compelling opportunities for revenue diversification, operational scalability, and long-term value creation.
Leveraging its strong financial position and strategic partnership with anchor customer Bharti Airtel, Indus Towers aims to establish a competitive and sustainable presence in these regions.
This expansion is part of the Company’s broader growth strategy, which includes evaluating additional opportunities in other African markets where Airtel already has a footprint.
This international expansion also aligns with the Government of India’s broader vision of encouraging Indian enterprises to scale globally and evolve into multinational entities.
The proposed foray is subject to necessary approvals and compliance with applicable legal and regulatory requirements. Indus Towers will continue to make timely disclosures as material developments occur.
“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,” said Prachur Sah, the Managing Director and CEO of Indus Towers.
For More News And Analysis About Uganda Follow Africa-Press
