Indus Towers Limited Thursday announced that it is setting up its factory in Nigeria soon.

Announcing after a meeting held yesterday in India, the telecom infrastructure company said its board of directors had reviewed and deliberated on strategic opportunities to expand the Company?s footprint across select international markets, including Nigeria, a statement by a PR firm, CMC Connect, said.

?Recognizing the growth potential in emerging geographies, the Board has approved the Company?s foray into African markets, beginning with Nigeria, Uganda, and Zambia. These markets offer attractive prospects for revenue diversification, operational scalability, and long-term value creation. The Company 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?, the statement read. It said the strategic direction also complements the Government of India?s broader vision of encouraging Indian enterprises to expand globally and evolve into multinational entities.

But it said it is subjected to necessary approvals and compliance with applicable laws and regulatory requirements.

Further disclosures will be made as and when material developments occur.

Prachur Sah, Managing Director & CEO, Indus Towers said, ?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.?(Daily Trust)

Update news