0
General

Ugandan parliament asks govt to clear UTL debt in exchange for equity in new telecoms operator

Friday 23 October 2020 | 10:59 CET | News
The Ugandan Parliament has recommended that the government clears a UGX 45.6 billion debt that Uganda Telecom (UTL) holds with the Eastern and Southern Trade and Development Bank, now known as TDB, The Observer reported. The debt is a condition for the acquisition of a USD 650 million loan from the same bank. The Parliamentary Budget Committee report said that TDB had received an expression of interest to extend the USD 650 million loan for various projects and had set a condition for the government to take over UTL's debt obligation. 

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: General
Companies: Ucom / Uganda Telecom / UTL
Countries: Uganda
::: add a comment

Add 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

Uganda introduces new licensing regime for telecom operators

Published 27 Jan 2020 11:32 CET | Uganda
Uganda telecom operators have up to 30 January to formally notify the regulator of the type of licence they want to apply for ...

Ugandan court appoints new UTL administrator

Published 10 Jan 2020 10:07 CET | Uganda
The Ugandan High court in Kampala has appointed Ruth Sebatindira, the former president of the Uganda Law Society, as the new ...

Ugandan govt official drops investigation into minister over sale of UTL

Published 17 Dec 2019 10:38 CET | Uganda
Uganda's Inspector General of Government (IGG) Irene Mulyagonja has dropped investigations into alleged abuse of office by state ...

Uganda offers to pay UGX 500 bln UTL liabilities

Published 23 Apr 2019 10:49 CET | Uganda
The Ugandan government has offered to waive all the liabilities held by Uganda Telecom (UTL), as one attempt to attract a buyer ...

Uganda places troubled UTL under receivership

Published 02 May 2017 11:29 CET | Uganda
The Ugandan government has put Uganda Telecoms (UTL) under receivership in a move to save the troubled telecom company, the ...

Ugandan parliament orders probe into Uganda Telecom woes

Published 21 Nov 2016 13:18 CET | Uganda
The Ugandan Parliament has approved a report and passed a motion to establish a select committee to investigate alleged ...





Calendar   /   Industry Events

01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
01 Dec 5G Italy
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
07 Dec Report: Dutch Mobile Operators 2020-Q3
07 Dec Report: Dutch Broadband 2020-Q3
08 Dec WebexOne
::: More Calendar Items