Will Bemanya’s removal save or ruin the company? Kampala, Uganda | JULIUS BUSINGE | Bickering among government officials on who should take over the management of Uganda telecom as provisional administrator could scare away prospective investors, experts say. UTL needs around Shs255bn to clear some of its Shs536bn debt …
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Back to the drawing board: UTL’s prospective investor fails to raise capital, but the good news is that the company is yet to accrue new debts Kampala, Uganda | JULIUS BUSINGE | Ugandan government is back to the drawing board to identify a new prospective investor to take over 69% …
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UTL: Finance Minister, PS Muhakanizi says the new move is to drive internet price cuts in the country Kampala, Uganda | ISAAC KHISA | Uganda government’s new plan to procure all mobile and fixed telephony communication services as well as internet from Uganda Telecom Limited (UTL) at a lower price is …
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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 …
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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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Faisel Gergab, is chairman of the Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) that owns 69% stake in UTL. He spoke to The Independent’s Isaac Khisa on the issues surrounding the company’s poor performance and its future outlook, just before government took over its management. How do you …
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Uganda Telecom Limited (UTL) that has been limping for years, will be rescued by government. Government will take over UTL’s full management immediately. Minister for Finance Matia Kasaija confirmed Wednesday that Libyan company UCOM, a subsidiary of majority shareholders Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC), would no …
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