Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s sale of shares left over from its 2021 Initial Public Offering was oversubscribed by almost 100%, the telecom executives said on June 13. The company received applications for 3 billion shares against 1.6 billion shares on offer, The shares sold represent 7.03% of …
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Kampala, Uganda | THE INDEPENDENT | MTN Uganda has strengthened its grip on the mobile networks market, growing its new customer base by more than 500,000 in the past four months to hit 20 million. The telecom company’s subscribers stood at 19.5million as at the end of December 31, 2023, according …
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The east african country is estimated to have only 65% mobile network coverage Kampala, Uganda | THE INDEPENDENT | TowerCo of Africa Uganda, a subsidiary of pan-African telecommunications service provider Axian Telecom, has secured US$40 million long-term financing from European development finance partners, including the European Investment Bank, the Development Bank …
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The telecom firm reported a 16.1% increase in service revenue, reaching UShs 2.63 trillion for the year ending December 2023, with after-tax profits surging 21.4% to UShs 493 billion Kampala, Uganda | THE INDEPENDENT | Uganda’s largest telecom firm, MTN Uganda, plans to further sell-down the remaining 7% shareholdings to the …
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Kampala, Uganda | THE INDEPENDENT | TowerCo of Africa Uganda has secured US$40 million in long-term financing from Europe for the improvement of mobile phone network coverage in rural areas of Uganda, unlocking digital empowerment and economic advancement. The funding has been from several financiers, including the European Investment Bank, …
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Kampala, Uganda | THE INDEPENDENT | With Uganda poised to host the highly anticipated 19th Non-Aligned Movement (NAM) and G77 + China Third South Summits, MTN Uganda has been designated as official telecommunications operator, an acknowledgment of its multifaceted contributions to the planning and execution of the summits. MTN …
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BEIJING | Xinhua | Chinese public security departments have cracked 391,000 cases of telecom and online fraud from January to November 2023, the country’s Ministry of Public Security announced Friday. To deliver a heavy blow to relevant criminal activities, the ministry in 2023 launched several law enforcement campaigns targeting telecom …
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Kampala, Uganda | THE INDEPENDENT | Telecom mast installations have no discernible impact on human health, contrary to the claims made by a portion of the population, according to Eng. Irene Kaggwa, the executive director at the Uganda Communications Commission (UCC). Eng. Kaggwa, states in a letter dated Aug.08 that …
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Kampala, Uganda | THE INDEPENDENT |MTN Uganda has rolled out over 35 sites starting in Kampala for the last quarter and are all actively supporting communication activities for its clients, it said on Nov.9. In a bid to augment the benefits of 5G, executives have also gone ahead to further …
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The new technology will open doors to more investment, foster innovation and position Uganda as a digital country in the region Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has become the first telecom in the country to roll out 5G with the new network now available in the Lugogo and …
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