Indus Towers Limited Overview
Pro stress-test →Indus Towers is one of the largest telecom tower companies in the world, providing 4G cell phone tower connectivity to areas where roads and electricity are yet to reach. The company is one of the largest telecom tower companies in India based on the number of towers and co-locations operated. In India, 3 out of every 5 calls made are through an Indus site.
Strategic Profile
Pro stress-test →The company provides access to its towers, primarily to wireless telecommunication service providers, on a shared basis under long-term contracts. The company has announced expansion into Africa, with plans to start in Nigeria, Uganda and Zambia, viewing Africa as a growth opportunity similar to where India was years back.
Competitive Landscape
Pro stress-test →Indus Towers is the biggest cell phone tower operator in India with approximately 30% market share. Competitors include Suyog Telematics, GTL Infrastructure, American Tower Company, Bharti Airtel, and Mahanagar Telephone Nigam. Summit Digitel (Brookfield's tower subsidiary) is the 2nd largest operator with significant debt burden, while American Tower is looking to exit the Indian market citing weak customer financials.
Industry Context
Indus Towers Limited operates in Telecommunications Infrastructure / Passive Tower Infrastructure.
Key facts
Founded: 2006 · Headquarters: Gurugram, India · Employees: 3,791 · Revenue: $3.67B (TTM) · Market cap: ₹1,24,785 Cr (~$15B USD)