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
Telecoms start collecting social media and mobile money taxes
The new measures, which went into effect on Sunday, include a 1% charge on every mobile money transaction and a Shs200 daily levy for the use of social media
There’s no more life left in Vodafone, audit shows
Vodafone Uganda is no more after the Vodafone Group terminated its partner market agreement in Uganda with the Afrimax Group. The two signed the contract in 2014 to offer voice and data products and services using the ‘Vodafone Uganda’ brand
UCC bans vending of airtime, simcards
The telecommunications regulator, Uganda Communications Commission (UCC), has outlawed vending of airtime and simcards on streets and other unlicensed locations across the country
Government to convert Shs200bn UTL debt into shareholding
Uganda plans to convert part of its debt in Uganda Telecom Limited into shares as part of a plan to increase its shareholding in the troubled company
Five surprisingly good internet deals in Uganda
Internet can make or break your productivity – depending on how easy your connection is, as regards cost and connection speeds. To enable the search, we are sharing some surprising good deals in Uganda
This is how MoKash is faring one year on
One year ago, MTN Uganda launched MoKash, a service that allows customers to get micro-loans and save using their phones
MTN Uganda half year profit up on data and digital growth
Strong growth in data and digital services helped MTN Uganda increase revenue in the first half of 2017, according to interim results released by parent company MTN Group
MTN posts first loss in 20 years
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.
Uganda to take over UTL after negotiations with Libya collapse
The government is taking over the management of Uganda Telecom Limited after its majority shareholders, Libya Posts Telecommunications & IT Company, said they would no longer fund the cash-strapped telecom.
Uganda Telecom hits back at MP Nandala Mafabi over critical report
Executives at Uganda Telecom Limited have hit back at claims that the telecom is poorly managed, unstable, and in free fall, insisting that it is going through a turnaround that is "pointing in the right direction."
