Indus Towers’ Africa foray on track, operations to start in September quarter

Indus Towers is launching its Africa expansion in September after securing necessary approvals. The company sees this as its largest growth opportunity outside of India. Operations will begin with an anchor customer, likely Airtel Africa, ensuring faster startup. Initial capital expenditure in Africa will be moderate and largely debt-funded. This expansion occurs alongside strong growth potential within the Indian market.

Raccontata daeconomictimes.indiatimes.com