Indus Towers Enters Uganda with New Telecom Infrastructure Subsidiary

Indus Towers Limited ( (IN:INDUSTOWER) ) just unveiled an update.

Indus Towers Limited has expanded its international footprint with the incorporation of a new step-down subsidiary in Uganda, Indus Infra Uganda Limited, through its wholly owned unit Indus Towers Ventures FZE. The Ugandan entity, established with initial share capital of UGX 2 billion and fully controlled by Indus Towers, will focus on establishing, installing, operating, and maintaining telecom towers and related infrastructure for telecommunication, broadcasting, and wireless communication services. This move marks Indus Towers’ entry into the Ugandan market and reinforces its strategy to grow its infrastructure presence in high-potential telecom markets, potentially strengthening its regional position and offering additional growth avenues as the subsidiary commences operations.

More about Indus Towers Limited

Indus Towers Limited is a telecom infrastructure company that builds, owns, and operates telecommunications towers and related passive infrastructure, supporting mobile network operators with tower, mast, and antenna facilities. Through its subsidiaries and ventures, the company focuses on expanding its tower portfolio in emerging markets to serve growing demand for wireless communication and broadcasting infrastructure.

Average Trading Volume: 366,182

Technical Sentiment Signal: Buy

Current Market Cap: 1144.4B INR

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