Telecoms
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
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 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
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
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
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 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
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 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 2023More Telecoms
Parliament to probe Uganda Telecom over “poor and unstable” management
A report tabled by the Nandala Mafabi, an FDC MP and former leader of opposition in parliament, said that in the last four years the telecom company "has continuously been on a freefall that has now reached alarming levels."
Uganda has competition to thank for some of Africa’s lowest mobile prices
Data from Research ICT Africa shows that 1GB of mobile data in the Q2 of this year was cheaper in only Tanzania, Egypt, and Mozambique. On average, the plan cost $3.62 in Uganda, versus $0.89 in Tanzania, $2.82 in Egypt, and $2.87 in Mozambique.
Vodafone to end unlimited plans on 31 October, introduces new bundles
Vodafone's unlimited plans will no longer be available after 31 October, a company representative told Uganda Business News. The telecom is now offering three new additional monthly plans: 20GB (at Shs220,000), 40GB (Shs330,000), and 80GB (Shs450,000).
Airtel’s share of mobile money agents grows, but still behind MTN
The mobile money sector is dominated by two telecoms, MTN Uganda and Airtel, who together account for 99% of mobile money agent market presence, according to a new report. The market leader is MTN with 57%, followed by Airtel with 42%.
Looking for the best internet plan in Uganda? Here’s some data for you
The analysis looked at the six telecom companies that offer internet services in Uganda. We arranged the plans according to their validity periods and cost. The most common validity periods are 24 hours, one week, one month, and three months.
Vodafone is phasing out its unlimited data plans
Vodafone is in the process of phasing out unlimited plans, according to the company's spokesperson. But Vodafone customers who had signed up by 25 August will continue to use unlimited plans until further notice.
Data adds to MTN Uganda profit as voice calls slow
MTN Uganda shrugged off a difficult last quarter of 2015 to grow its subscriber base by 10.8% to just under 10 million customers in the first six months of 2016, interim half-year results by parent company MTN Group show.
Executive Profile: Wim Vanhelleputte
Wim Vanhelleputte was appointed MTN Uganda's Chief Executive Officer at the end of July 2016, replacing Brian Gouldie who left after only two years on the job.
MTN Uganda names new CEO
MTN Uganda, the country's biggest company by revenue, has appointed Wim Vanhelleputte as its new CEO, company sources told Uganda Business News. A formal announcement is expected to be made soon. The Belgian is expected to start work on August 1.
Top Taxpayers: MTN Uganda
MTN Uganda provides mobile and fixed telecommunications, mobile financial services and data services. The company has a market share of 51.1% and approximately 9 million subscribers as of December 2015.
