MTN Group may list its Ugandan unit following government pressure on Africa’s biggest wireless carrier by subscribers to increase local ownership in the East African country.
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MTN Group is facing pressure to list its unit in Uganda as Africa’s largest mobile phone company seeks to renew a licence in the country.
Uganda may be poised to lose some of its mobile phone companies due to a “highly saturated” voice market that’s causing some operators to halt investment, according to the country’s industry leader
Africa’s biggest mobile network MTN has been slapped with a Ugandan court order to pay $662 000 (R9,3m) in damages for alleged anticompetitive behaviour. It is understood that MTN supplied a mobile money transfer