Kampala, Uganda | THE INDEPENDENT | A section of creditors of Uganda Telecommunications Limited-UTL have petitioned court seeking orders to remove the Administrator. The sixteen creditors led by Asaph Nandawula state that the appointment of the official receiver as the Administrator and acting as such on a permanent basis is …
Read More »UTL sale proceeds to pay creditors, Libyan investors
Kampala, Uganda | ISAAC KHISA | Uganda government plans to use the money it will get from the sale of a stake in the embattled telecom firm, UTL, to settle Libyan government and other debts. The Libyan government through a private company, Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) …
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