Experts commend move to protect bankrupt telco’s assets but say it needs a business plan that works Business at Uganda’s oldest and troubled telecom company, Utl, took another twist when the government on April 28 announced it has finally put it under provisional administration. The government, which recently took over …
Read More »Uganda Telecom top managers fired
Top management at Uganda’s oldest telecom company UTL has been sacked to pave way for investigations into the company operations. In an interview with The Independent, Evelyn Anite, the state minister of finance for investment and privatization confirmed Uganda Telecom Ltd (UTL) has been put under provisional administration for one month (from …
Read More »Fight looms over takeover of UTL
Libyans vow to take on Uganda after `quitting’ It is not clear what the Uganda government’s plan is since it announced that the Libyan owners of Uganda Telecom Ltd (UTL) have quit, but the move might get dirty if the Libyans instead implement a fight for the company. The government …
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