0
General

Ugandan president wants MTN to list shares on local exchange

Friday 25 January 2019 | 14:21 CET | News
Ugandan President Yoweri Museveni said MTN Uganda needs to sell shares on the local stock exchange to facilitate domestic ownership of the company and ensure more of the money it earns stays in the country, Reuters reported citing a statement from the presidency. Museveni made the comments while meeting MTN Group's President and CEO Rob Shuter on the sidelines of the World Economic Forum in Davos. He said it was important that MTN float shares on the local stock exchange to allow for local ownership.

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?



Categories: General
Companies: MTN / MTN Uganda
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 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 ...

Uganda President calls for all telcos to list on stock exchange

Published 11 Apr 2019 11:59 CET | Uganda
Ugandan president Yoweri Museveni has again demanded that all telecom operators in the country publicly list on the stock ...

Uganda says wants win-win before renewing MTN licence

Published 30 Jan 2019 15:01 CET | Uganda
The Ugandan government says it is seeking a win-win before it can fully renew MTN's licence, reports the Daily Monitor, citing ...

MTN group CEO holds talks with Ugandan president in Davos

Published 25 Jan 2019 14:44 CET | Uganda
MTN Group CEO Rob Shuter met with Ugandan President Yoweri Museveni at the World Economic Forum to reaffirm MTN Group's ...