Uganda’s two largest telecom firms, MTN Uganda and Airtel Uganda, said they will reintroduce charges on mobile money transactions starting Tuesday, ending the zero-fee charging structure announced in March
MTN Uganda and the government are in talks that could see the National Social Security Fund taking a stake in the telecom, increasing local ownership in the country’s biggest taxpayer from the current 5%
Uganda’s largest telecom MTN Uganda benefitted from a reduction in commissions paid to its mobile money agents in the first six months of this year, with an acceleration in income from digital streams driving revenue growth.
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MTN Uganda’s total revenue declined by 1.9% on the back of lower voice revenues depressed by the customer disconnections and the One Network Area in the East African Community where calls between member states are billed as local calls.
Data from Research ICT Africa shows that 1GB of mobile data in the Q2 of this year was cheaper in only Tanzania, Egypt, and Mozambique. On average, the plan cost $3.62 in Uganda, versus $0.89 in Tanzania, $2.82 in Egypt, and $2.87 in Mozambique.