Blue Cloud Softech shares touched a day’s high of ₹23.15 on Thursday after the company signed a telecom infrastructure MoU for Africa.

The Hyderabad based technology firm completed its agreement with the Global Council for Investment and Business for Africa (GCIB) and Afro Mobile SARL on Wednesday.

The deal was originally dated August 7 and got finalised once all three parties signed off.

Under the arrangement, Blue Cloud will act as the lead technology partner, handling platform design and systems integration.

GCIB takes on the role of strategic development partner, focused on government outreach and bringing in investors.

Afro Mobile will manage local telecom relationships and regulatory work across the region. The five year framework covers a wide range of digital infrastructure work in Africa.

This includes building fibre optic backbone networks, rolling out 4G and 5G mobile infrastructure, setting up submarine cable landing stations, and building out telecom towers.

It also touches digital public infrastructure such as digital identity systems and e-government platforms, along with satellite connectivity for remote areas.

It is worth noting that this MoU does not come with any fixed financial commitment attached.

Actual projects will be developed separately through special purpose vehicles, joint ventures, or consortiums as they get finalised.

The company has also clarified that neither it nor its promoters hold any stake in GCIB or Afro Mobile, so this does not count as a related party transaction. On the financial side, Blue Cloud’s numbers have been improving too.

For the quarter ended June 2026, the company reported revenue of ₹144.49 crore, up from ₹139.58 crore in the previous quarter, while net profit more than doubled to ₹11.51 crore from ₹5.41 crore.

For the full year FY26, the company had posted revenue of ₹637.02 crore and net profit of ₹43.85 crore.

At 12:15 pm, Blue Cloud Softech shares were trading at ₹22.79, up 1.79% for the day.

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