Indus Towers has expanded its global presence by incorporating new step-down subsidiaries in Nigeria and Zambia. Indus Towers Management FZE and Indus Towers Investment FZE have established Indus Towers Nigeria Limited and Indus Towers Infra Zambia Limited, respectively. This move signifies Indus Towers’ strategic growth initiatives in the African telecom infrastructure market, with certificates of incorporation issued on January 15, 2026.
Strategic Expansion into Africa
Indus Towers is broadening its international operations with the establishment of new subsidiaries in key African markets. The company has incorporated Indus Towers Nigeria Limited in Nigeria and Indus Towers Infra Zambia Limited in Zambia, marking a significant step in its global growth strategy. These new entities are step-down wholly owned subsidiaries.
Subsidiary Details
Indus Towers Nigeria Limited has a share capital of 100,000,000 Naira. Indus Towers Infra Zambia Limited has a share capital of K12,500,000. The entities are step-down subsidiaries, related to the Company, and will operate in the Telecom sector.
Business Objectives
The primary objective of both new subsidiaries is to establish, erect, install, operate, manage, and maintain telecommunication towers, masts, poles, antennas, and related infrastructure for telecommunication, broadcasting, or wireless communication purposes.
Key Dates
The certificates of incorporation for both Indus Towers Nigeria Limited and Indus Towers Infra Zambia Limited were issued on January 15, 2026. The contribution to initial share capital will be in cash.
Source: BSE
