Bharti Airtel arm Indus Towers forays into Africa

Passive infrastructure provider Indus Tower, now a subsidiary of Bharti Airtel, Tuesday said it plans to expand its presence in African markets with Airtel’s Africa business as its anchor customer.

“Recognizing the growth potential in emerging geographies, the Board has approved the Company’s foray into African markets, beginning with Nigeria, Uganda, and Zambia,” Indus said in an exchange filing.

Indus said the expansion will be fueled by its robust financial position, with Airtel as its anchor customer.