Why Ugandan pundits are mistaken in their understanding of why some foreign firms have quit our market THE LAST WORD | ANDREW M. MWENDA | A couple of multinational firms have pulled out of Uganda in the last one decade. Oil giant Shell sold itself to Vivo, Barclays Bank …
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By Patrick Kagenda Bharti Airtel Chief Executive Officer (International) and joint Managing Director Manoj Kohli’s announcement in Kampala last week that the company intends to invest US$100 million in network expansion is likely to spark renewed price wars. Speaking on the sidelines of the Bharti/Zain Africa CEO`s meeting held at …
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By Patrick Kagenda Sunil Mittal, the Bharti Airtel’s chairman, who started business as a bicycle spare parts dealer, last week put pen to paper to pay $10.7 billion for Zain’s mobile operations in 15 African countries. The deal gives Bharti Airtel 42 million subscribers in the 15 African countries, which …
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By Agencies India’s largest telco Bharti Airtel has tied up US$ 8.3 billion from a clutch of foreign banks and State Bank of India to fund the acquisition of Zain telecom’s African assets. “Bharti Airtel is pleased to announce that the entire financing requirement of $ 8.3 billion for the …
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By Patrick Kagenda Kuwaiti-based Zain, which was last year a headlines maker after its July announcement that it was looking at its options in Africa including a possible sale of its networks, is back in the news. This time newswires report that it is in talks with Bharti Airtel the …
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By Joseph Were It has not been a wonderful world at Zain Uganda according to its official third quarter financial statements. The telecom giant recorded a net loss of US$ 3.6 million (approx. Shs7 billion) over the three months’ period ending September 30 on top of a 27 percent drop …
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By Patrick Kagenda After spending over one month making headlines in the African media, the impending sale of Zain Africa operations to Vivendi the French entertainment group appears to have been concluded. Business daily Africa of Kenya Saturday 4 July said Zain has been sold. “Europe’s largest entertainment group Vivendi, …
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The Independent Uganda: You get the Truth we Pay the Price