Dubai-listed Hits Telecom announced that it has invited for a board meeting on October 16 to discuss plans to increase share capital, Gulf News reported. 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.