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The latest update is out from Indus Towers Limited ( (IN:INDUSTOWER) ).
Indus Towers Limited has expanded its international footprint in Africa through the incorporation of two step-down subsidiaries, Indus Towers Nigeria Limited and Indus Towers Infra Zambia Limited, via its wholly owned units Indus Towers Management FZE and Indus Towers Investment FZE. The new entities, established with initial share capital contributions in cash, will engage in establishing, installing, operating and maintaining telecom towers and related infrastructure in Nigeria and Zambia, aligning with Indus Towers’ core business and potentially strengthening its positioning as a global telecom infrastructure provider and opening new growth avenues in emerging African markets.
More about Indus Towers Limited
Indus Towers Limited is a leading Indian telecom infrastructure company that builds, owns and operates telecommunications towers and related passive infrastructure. The company’s services support mobile network operators by providing tower, mast and antenna infrastructure for wireless communication, with a growing focus on expanding its presence in international telecom markets.
Average Trading Volume: 284,395
Technical Sentiment Signal: Buy
Current Market Cap: 1156.1B INR
See more insights into INDUSTOWER stock on TipRanks’ Stock Analysis page.