According to Indus Towers Limited, continued 5G network expansion, rising data consumption and planned international forays in Africa and the UAE will be key growth drivers for its revenue going forward. The company executives said payment-related concerns from customers have largely stabilised. Indus confirmed that it currently has no overdue receivables from Vodafone Idea Limited (Vi), adding that collections are proceeding normally in line with agreed credit terms.
The company also reported a healthy increase in tenancy additions from Vi in recent quarters.
Indus said the telecom industry has so far deployed around 520,000 5G base stations nationwide. While the pace of fresh 5G rollouts has slowed, operators are now focusing on network densification, which continues to support loading revenues for tower companies.
At present, telecom operators are largely layering 5G equipment on existing tower sites rather than building new standalone 5G locations. Indus management said coverage across existing sites is still not complete, leaving room for further growth as operators expand penetration.
On its international plans, the company said it will spend the coming months securing regulatory approvals, finalising suppliers and tailoring its operating model to local market conditions. The initial capital outlay for overseas expansion is expected to be funded mainly through debt.
Further, management said it is evaluating whether to raise this debt in the UAE or through Gujarat International Finance Tec-City.