0
Wireless

UCC orders MTN Uganda to list 20% of own shares within 2 years after licence renewal

Wednesday 15 July 2020 | 11:25 CET | News
The Uganda Communications Commission (UCC) has told MTN Uganda to list at least 20 percent of its shares on the local stock exchange within two years, Bloomberg reported. An initial public offering was one of the conditions for the renewal of its permit for twelve years effective 01 July, said UCC spokesman Ibrahim Bbossa. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN Uganda / UCC
Countries: Uganda
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ugandan market regulator orders telecom firms to list within 12 months

Published 10 Jun 2021 09:52 CET | Uganda
Uganda's Capital Markets Authority (CMA) says every telecommunication operator is expected to list its shares within the next ...

Ugandan regulator grants Lycamobile national operator licence

Published 12 May 2021 10:30 CET | Uganda
The Uganda Communications Commission has granted a National Telecommunication Operator (NTO) licence to Lycamobile, making the ...

Ugandan court upholds MTN licence fees of UGX 51 billion

Published 27 Apr 2021 09:25 CET | Uganda
The Ugandan high court in Kampala has upheld a decision by the Uganda Communications Commission (UCC) demanding UGX  51 billion ...

Airtel Uganda secures operating licence

Published 18 Dec 2020 10:53 CET | Uganda
Airtel Uganda has been issued a national telecom operator licence following a period of negotiation and transition to a new ...

MTN Uganda net profit up 9% in H1, subscriber base expands 10%

Published 19 Aug 2020 14:11 CET | Uganda
MTN Uganda has reported a 9.1 percent increase year on year in net profit to UGX 442.6 billion in the first half of 2020, driven ...

UCC launches digital skill training scheme

Published 11 Aug 2020 11:29 CET | Uganda
The Uganda Communications Commission (UCC) has signed a deal with the Uganda Institute of Information and Communications ...

Ugandan markets regulator says telcos can decide to make shares available to East African investors

Published 06 Aug 2020 13:58 CET | Uganda
Uganda's Capital Markets Authority (CMA) says telecom companies will decide whether to open up their shares to East Africans, The ...

MTN Uganda and UCC sign licence renewal

Published 13 Jul 2020 10:42 CET | Uganda
MTN Uganda and the Uganda Communications Commission (UCC) have concluded the official signing of the licence renewal agreement ...

MTN Uganda to sign licence renewal with NCC in coming days

Published 15 Jun 2020 09:55 CET | Uganda
MTN Uganda has announced the conclusion of negotiations to renew its second national operator licence, which expired in October ...

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

Published 31 Jan 2020 10:29 CET | Uganda
MTN Uganda says the government plan to require foreign-owned telecom firms to list on the local bourse may fail to achieve its ...

Ugandan regulator gives telecoms firms 2 years to list at least 20% of shares on local bourse

Published 31 Oct 2019 09:58 CET | Uganda
Uganda has ordered telecoms operators to list on the bourse to encourage local ownership of the sector, Reuters reported. Ibrahim ...





Calendar   /   Industry Events

03 Aug Bredband2 Q2 2021
03 Aug Sequans Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Akamai Technologies Q2 2021
03 Aug Alibaba Q2 2021
03 Aug Infinera Q3 2021
03 Aug NeoPhotonics Q2 2021
03 Aug Bharti Airtel fiscal Q1
03 Aug Echostar Q2 2021
04 Aug Intred Q2 2021
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Roku Q2 2021
04 Aug 8x8 fiscal Q1
04 Aug Viavi Q4
04 Aug EA fiscal Q1
04 Aug Digi International fiscal Q3
04 Aug Lumen Technologies Q2
04 Aug Softbank fiscal Q1
05 Aug Starhub Q2 2021
05 Aug United Internet Q2 2021
05 Aug Swisscom Q2 2021
05 Aug Uniti Group Q2
05 Aug OTE Q2
05 Aug FireEye Q2
05 Aug InterDigital Q2
05 Aug Switch Q2 2021
::: More Calendar Items