Telecoms

CompaniesDigital EconomyMarketsMergers & Acquisitions

MTN Uganda plans to spin off mobile money business

The telecom giant MTN Uganda plans to restructure its mobile money business by separating it from its direct ownership and transferring the unit to a newly formed company through a merger
The head offices of MTN Uganda in Kampala
CompaniesCorporate earnings and resultsMarkets

Airtel’s profits fall on higher costs and currency sting

Airtel Uganda reported a decline in profitability in the first half as costs, including access charges and content, outpaced revenues and unrealised foreign exchange gains fell sharply
Airtel Uganda's head offices in Bugolobi, Kampala
CompaniesMarkets

Airtel IPO slim by Shs588.6bn

NSSF sole institutional investor in the offering, buying 52.75% of the available shares – and 96.9% of total shares sold
Airtel Uganda officials at a press conference
CompaniesCorporate earnings and results

Mobile money, data drive MTN revenue growth in Q3

MTN Uganda's revenue for the first three quarters increased by 15.9% compared to the same period last year
A person withraws money from their mobile money account in Uganda
Markets

NSSF buys 10.55% stake in Airtel as part of IPO

Government-run pension fund NSSF will take 10.55 per cent stake in Airtel Uganda as part of the telecom's Shs800bn flotation
Worker's House, the headquarters of the government-run National Social Security Fund, in Kampala
CompaniesMarkets

Airtel doubles incentive shares for IPO investors

Airtel Uganda has increased the number of bonus shares on offer to investors in its initial public offering on the Uganda Securities Exchange, days before the listing closes
Airtel Uganda officials at a press conference
CompaniesMarkets

Airtel extends IPO closing date

Airtel Uganda has postponed the closing date for its initial public offering to 27 October from the original date of 13 October
An Airtel Uganda promotional poster at a hotel in Kampala in 2023
CompaniesMarkets

Airtel plans to raise Shs800bn in IPO

Airtel Uganda Limited expects to raise as much as Shs800 billion ($215.2m) in an initial public offering, which would value the telecom at Shs4 trillion (nearly $1.1bn)
Airtel Uganda's head offices in Bugolobi, Kampala
CompaniesMarkets

Airtel Uganda to list shares on local bourse

Uganda's second largest mobile operator will list 8bn shares, representing 20 per cent of the company's stock, by 16 December 2023
A photo in the reception area of Airtel Uganda's main office on Clement Hill Road in Kampala, and includes four individuals.
CompaniesCorporate earnings and resultsMarkets

MTN boosted by data and mobile money

Uganda's largest telecom company MTN Uganda reported a gain in full-year profit on the back of a jump in data revenue and moderated growth in operating expenses
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