0
Wireless

Ugandan telcos to list 30% stake on stock market

Thursday 24 January 2019 | 13:20 CET | News
The Ugandan government will expect major telecommunication companies operating in the country to list 30 percent of their stock on the local bourse, under a new policy intended to align operations in the sector with market realities, reports the Independent. The daily says the target is the two major mobile players, MTN and Airtel, which control 92 percent of the Ugandan market. 

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: Mobile & Wireless
Companies: 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 ...

MTN Uganda interim licence expires

Published 22 Jan 2019 11:30 CET | Uganda
MTN Uganda's second interim licence expired on 20 January, the EastAfrican reported. MTN's 20-year licence expired on 20 October ...

Uganda wants telcos to reserve shares for nationals

Published 17 Oct 2018 14:48 CET | Uganda
The Uganda government said telecommunications firms will be required to put aside a certain percentage of shares specifically for ...

Ugandan govt agrees MTN licence renewal, requires telco bourse listings, allows MNP

Published 19 Sep 2018 11:05 CET | Uganda
The Ugandan government has agreed to renew MTN's operating licence, Reuters reported. It said the ICT Minister was given the ...

MTN Uganda feels no pressure to list on bourse - report

Published 06 Sep 2018 10:01 CET | Uganda
MTN Uganda is not under any pressure to list on the stock exchange, is a private company and has not received any instructions in ...

UCC wants MTN to list on bourse before licence extension

Published 16 Aug 2018 09:19 CET | Uganda
MTN Uganda has been asked to list some of its shares on the stock exchange as a condition for renewing its operating licence, ...

MTN Uganda mulls listing of shares on bourse – report

Published 25 Jun 2018 10:19 CET | Uganda
MTN Uganda is planning to list its shares on the Uganda Securities Exchange to give Ugandans a share of its business, but is said ...





Calendar   /   Industry Events

10 May Ceva Q1 2021
10 May Weibo Q1 2021
10 May Boingo Wireless Q1 2021
10 May Synchronoss Q1
10 May NortonLifeLock fiscal Q4, investors day
10 May 8x8 fiscal Q4 results
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
11 May Vizio Q1 2021
11 May Sonim Q1 2021
11 May Telefonica Brasil Q1 2021
11 May Allot Q1 2021
11 May Softbank FY results
11 May United Internet Q1 2021
11 May Lattice Semiconductor investor day
11 May Small Cells World Summit
12 May Airtel Africa Q1 2021
12 May Mediaset Q1 2021
12 May NEC FY results
12 May Telefonica Deutschland Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May Lumentum fiscal Q3
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Poly fiscal Q4
13 May Alibaba Group Q1
13 May DZS investors day
::: More Calendar Items