Uganda starts search for new UTL investor

Thursday 18 April 2019 | 11:55 CET | News
The Ugandan government is searching for a fresh investor to take up Uganda Telecom's (UTL) operations, the Monitor reported. The government parted ways with Taleology, a Nigerian telecom company. According to the State Minister of Finance for Investment and Privatisation, Evelyn Anite, the Cabinet is now looking for a new investor to take up UTL after Nigeria's Taleology did not honour its part of the bargain. In October 2018, the Cabinet handed UTL to Taleology, bringing an end to a competition for the state-owned telecom now branding itself as an ICT network.

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Categories: Mobile & Wireless
Companies: Mauritius Telecom / Ucom / UTL
Countries: Uganda
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