Ugandan president orders audit of UTL

Friday 19 July 2019 | 09:52 CET | News
For more than two years, UTL has been placed under administration and there is no clear signal suggesting that the status quo is about to change. In early 2017, UTL was in debts of more than UGX 700 billion when the Libyans, who held 69 per cent shares, left. At that time, government had to liquidate the firm or save its collapse by putting it under provisional administration to allow a search process for competent investors to take it over. The company was handling most official government telecommunication businesses, especially the official telephone lines. 

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Categories: Mobile & Wireless
Companies: UTL
Countries: Uganda
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