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Wireless

MTN Uganda says forcing foreign telecom firms to list not good for ownership, prefers private placements

Friday 31 January 2020 | 10:29 CET | News
MTN Uganda says the government plan to require foreign-owned telecom firms to list on the local bourse may fail to achieve its goal of boosting Ugandan ownership, Reuters reported. MTN Uganda CEO Wim Vanhelleputte said instead of the listing requirement, the government should allow foreign firms to sell stakes to vetted local investors via private placements. The government plans to issue all telecom firms with new operating licences by June under a new regime. 

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Categories: Mobile & Wireless
Companies: MTN Uganda
Countries: Uganda
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