Indus Towers to Explore Nigerian, Ugandan, Zambian Markets

By Modupe Gbadeyanka

Approval has been given by the board of Indus Towers to penetrate African markets, with Nigeria, Uganda, and Zambia the first stops, though this is subject to necessary approvals and compliance with applicable laws and regulatory requirements.

These three African nations were selected because of their growth potential and the attractive prospects they offer for revenue diversification, operational scalability, and long-term value creation.

The decision to expand into international markets was reached at the board meeting to deliberate on strategic opportunities to expand the company’s footprint across select international markets.

The organisation will leverage 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 India’s broader vision of encouraging Indian enterprises to expand globally and evolve into multinational entities.

“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,” the chief executive of Indus Towers, Prachur Sah, stated.