Hits Telecom plans to increase share capital

DUBAI: Dubai-listed Hits Telecom said on Monday it has called a board meeting on October 16 to discuss plans to increase share capital.

Hits Telecom is a Kuwait-based company focused on the telecommunication sector. The company’s operations include mobile networks, mobile virtual networks and distribution networks globally.

The company also has a presence in Africa, which is a high subscriber growth market. The subscriber growth is projected to continue its double-digit growth over the coming five years.