Indus Towers LTD, a subsidiary Bharti Airtel, said on Tuesday to expand its trail in the African markets, starting with Nigeria, Uganda and Zambia.
This announcement assumes importance because Bharti Airtel already has a strong presence in 14 countries throughout Africa, with its arms Airtel Africa serving at the end of March 166.1 million consumers.
“The Council, which recognized the growth potential in developing geographies, approved the invasion of the company to the African markets, starting with Nigeria, Uganda and Zambia,” Indus Towers said in exchange.
“These markets offer attractive prospects for revenue diversification, operational scalability and long -term creation of values,” said the company, adding that the invasion is subject to the necessary approval and compliance with applicable laws and regulatory requirements.
As part of the market strategy for providing telecommunications infrastructure, such as towers, the company will largely use the presence of Bharti Airtel to create a strong and competitive presence in these regions.
“The approval of the Board of Directors for entering international markets in Africa will unlock our vision for long -term sustainable growth and value creation for our shareholders,” said Prachur Sah, CEO and CEO of Indus Towers.
According to SAH, the company is well placed to distinguish between the African rapidly growing telecommunications market and appear as the preferred company Tower. It will also use its expertise in providing innovative and cost -effective solutions.
The company said it would continue to evaluate opportunities to expand in other African markets, where Airtel has an established presence.
Currently, IHS Towers, American Tower Corp. and Helios Towers among the main tower companies operating in Africa.
In April to June, Indus Towers announced a year -on -year (year -on -year) increase in revenue from operations to 9.1% £8 058 crore. However, net profit dropped by 9.8% £1 737 Crore due to higher expenditure, such as depreciation, to obtain new towers from Bharti Airtel and higher energy and energy costs such as increased diesel consumption.
The company recorded a 10% year -on -year increase in diesel consumption in Q1 FY26. This has been attributed to unforeseen events such as the early onset of the monsoon and an unusually high number of weather -related disorders (severe collision and storms) that required more diesel use to maintain network operation, said the management during earnings in July.
Indus Towers also imposed any immediate plans to distribute cash to shareholders, she said in the call for earnings. The company wants to save cash in the middle of concerns about financial stability around its main customer, Vodafone Idea “> Idea Vodafone, even though it is considering a cycle of higher capital expenditure and evaluates potential opportunities for inorganic growth.
(Tagstotranslate) Indus Towers Ltd (T) Bharti Airtel (T) African Markets (T) Nigeria (T) Uganda (T) Zambia
