Overview

• Indus Towers’ board cleared an initial expansion into Nigeria, Uganda and Zambia for its tower infrastructure business.
• The company said it will lean on Bharti Airtel and Airtel Africa to establish operations and build a competitive presence.
• Management noted the plan remains subject to required approvals and compliance with local regulations in each country.
• In Q1 FY26, revenue rose 9.1% year on year to ₹8,058 crore while net profit fell 9.8% to ₹1,737 crore due to higher depreciation and energy costs, including increased diesel use.
• Indus faces established African tower players such as IHS Towers, American Tower and Helios Towers, and it continues to assess additional markets where Airtel operates while running 251,773 towers in India.