Telecoms
MTN Uganda plans to spin off mobile money business
The telecom giant MTN Uganda plans to restructure its mobile money business by separating it from its direct ownership and transferring the unit to a newly formed company through a merger
Airtel’s profits fall on higher costs and currency sting
Airtel Uganda reported a decline in profitability in the first half as costs, including access charges and content, outpaced revenues and unrealised foreign exchange gains fell sharply
Airtel IPO slim by Shs588.6bn
NSSF sole institutional investor in the offering, buying 52.75% of the available shares – and 96.9% of total shares sold
Mobile money, data drive MTN revenue growth in Q3
MTN Uganda's revenue for the first three quarters increased by 15.9% compared to the same period last year
NSSF buys 10.55% stake in Airtel as part of IPO
Government-run pension fund NSSF will take 10.55 per cent stake in Airtel Uganda as part of the telecom's Shs800bn flotation
Airtel doubles incentive shares for IPO investors
Airtel Uganda has increased the number of bonus shares on offer to investors in its initial public offering on the Uganda Securities Exchange, days before the listing closes
Airtel extends IPO closing date
Airtel Uganda has postponed the closing date for its initial public offering to 27 October from the original date of 13 October
Airtel plans to raise Shs800bn in IPO
Airtel Uganda Limited expects to raise as much as Shs800 billion ($215.2m) in an initial public offering, which would value the telecom at Shs4 trillion (nearly $1.1bn)
Airtel Uganda to list shares on local bourse
Uganda's second largest mobile operator will list 8bn shares, representing 20 per cent of the company's stock, by 16 December 2023More Telecoms
MTN boosted by data and mobile money
Uganda's largest telecom company MTN Uganda reported a gain in full-year profit on the back of a jump in data revenue and moderated growth in operating expenses
Seacom acquires Africell assets to expand enterprise business
Seacom on Thursday announced that it is acquiring certain infrastructure assets from the defunct telecom operator Africell Uganda Limited
Airtel, MTN bring back fees for mobile money transactions
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 profits surge on subscriber growth
Telecoms firm MTN Uganda reported on Wednesday strong growth in full-year revenue and operating profit, helped by increases in income from outgoing voice calls, data revenue, and mobile money revenue
MTN in talks to sell stake to NSSF
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 2017/18 economic growth beats forecasts
Uganda's gross domestic product growth rebounded strongly in the 2017/2018 financial year on the strength of a pick-up in investments and exports, according to the World Bank
Africell secures $100m Opic loan to expand in Uganda and DR Congo
The Overseas Private Investment Corporation, the US government development finance institution, is lending $100m to telecom company Africell Holdings Limited to expand its mobile telephone and internet services in its countries of operation
Data and mobile money drive Airtel Uganda’s strong growth in 2017
Airtel Uganda Limited, Uganda's second largest telecom, reported solid income growth during the 2017 calendar year as revenue improved while expenses dropped
MTN Uganda half year revenue lifted by digital growth – and constant currency reporting
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.
Airtime Scratch Cards: Today is last day they can be used, minister insists
The Uganda Communications Commission and the Ministry of Information, Technology and National Guidance have maintained that today marks the last day for the use of airtime scratch cards
