UTL signs deal with tech firms to boost its income

UTL signs deal with tech firms to boost its income

Uganda Telecom (UTL) was placed under an administrator in April 2017 after a fall-out with majority shareholders in Libya. Libya owned 69 per cent while Uganda owned 31 per cent. In February, Libya recalled its directors, leaving Uganda with the burden of keeping the company afloat but the good news is UTL has made a big […]

Uganda gov’t takes over UTL multibillion debt, forces Libyans to resign

Uganda gov’t takes over UTL multibillion debt, forces Libyans to resign

Uganda’s government has taken over management of hugely indebted Uganda Telecom effective immediately. Finance minister  Matia Kasaija on Wednesday afternoon said that government had decided to take over the affairs and management of Utl with immediate effect, and will engage Libyan owners Ucom to ensure an orderly transition. TheUgandan understands that UTL needs a big capital […]