Thursday , November 21 2024
Home / Business / Fight looms over takeover of UTL

Fight looms over takeover of UTL

UTL Milestones

  • 1988- Government establishes Uganda Posts and Telecommunications Company Limited (UPTCL)
  • 1998- Unbundles UPTCL into four companies – UTL, Posta Uganda, Post Bank and Uganda Communications Commission (UCC) during privatization period.
  • 2000- UTL privatized with UCOM (a consortium formed by Detecon of Germany, Telecel International of Switzerland, and Orascom Telecom Holding of Egypt) owning 51 % shares and the Uganda government owning 49 %
  • 2006-UCOM, increases its sharing to 69% and the Uganda Government retains the remaining shares
  • 2007- Libya’s telecom investment arm, LAP Green acquires UCOM
  • 2010- UTL unveils M-sente
  • 2009-UTL introduces solar powered hand-held mobile phone called Kasana
  • 2011-the Ugandan government seizes LAP Green’s 69% shareholding in UTL over UN sanctions due to political turmoil in Libya
  • 2012- Government’s returns UTL’s shareholding to LAP Green
  • 2012- Ali Amir appointed UTL MD
  • 2015- Mark Shoebridge appointed UTL MD
  • 2015- The Libyan Post Telecommunications and Information Technology Company (LPTIC) consolidates Libyan-owned telecom firms (UTL, GreenN Cote d’Ivoire, and South Sudan-based Gemtel) previously managed under LAP Green Network.
  • March 1, 2017- Government reposes UTL

How the Uganda government took over UTL

  • November 16, 2016-Nandala Mafabi, Budadiri West MP tables a report on UTL’s mismanagement in parliament
  • November 18, 2016-Parliament slaps travel ban on UTL management
  • December 01, 2016-Speaker Rebecca Kadaga constitutes a 7-member select committee to investigate the mismanagement of UTL
  • December 15, 2016-Parliament begins probe into alleged UTL mismanagement
  • December, 20, 2016-Parliament halts UTL financial transactions
  • Jan 30, 2017-Airtel Uganda threatens to block calls to and from UTL over interconnection fees
  • Feb 20, 2017- Uganda Parliament probe meets LIPTIC officials in Dubai
  • Feb 25, 2017-LIPTIC Board stops further funding of UTL
  • March 01, 2017 – Uganda government takes over UTL

****

editor@independent.co.ug

Leave a Reply

Your email address will not be published. Required fields are marked *