Indian tower company Indus Towers has outlined plans to expand its footprint into Africa.

In a statement this week, Indus said that the company's board has approved plans to expand its tower portfolio into Africa, kicking off with Nigeria, Uganda, and Zambia.

Indus currently has more than 211,000 telco towers and 360,000 co-location sites across 22 regions.

The majority of its revenue is derived from long-term service contracts with major telco operators across the country, including Bharti Airtel and Vodafone Idea Limited.

Bharti Airtel is also a shareholder in the company. Airtel's stake in the company is worth 49 percent.

In the announcement, Indus has said that it will leverage its financial position and anchor customer relationship with Bharti Airtel to "establish a strong and competitive presence in these regions."

Airtel is one of the biggest telcos in Africa, operating in several markets, and has more than 166 million subscribers across the continent.

Further details around how many towers the company plans to operate in the markets were not revealed, while the plans are subject to the necessary approvals and compliance with applicable laws and regulatory requirements.

"The Board’s approval to enter international markets in Africa unlocks our vision for long-term sustainable growth and value creation for our shareholders. By leveraging our expertise in delivering innovative and cost-effective solutions, we are well-positioned to differentiate ourselves in Africa’s fast-growing telecom market and emerge as the preferred tower company," said Prachur Sah, managing director & CEO, Indus Towers.