Hits Telecom plans to increase share capital

The company has called a board meeting on October 16

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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.

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