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Uganda telecom revenues recover to reach UGX 1.1 trillion in Q3

Monday 11 January 2021 | 09:47 CET | News
Uganda's telecom industry posted a 15 percent recovery to UGX 1.1 trillion in revenues in Q3 2020, following a depressed performance in Q2, according to a report by the Uganda Communications Commission (UCC). This sets a quarterly revenue record for the sector over the last 24 months, outperforming the previous record of UGX 1.05 trillion in Q1. The recovery was achieved largely on the back of rallying demand for voice and digital financial services, as well as what seems to be a new normalised level of demand for broadband services, above pre-Covid-19 levels.

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Categories: Mobile & Wireless
Companies: UCC
Countries: Uganda
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