AIRTELAFRI Notifies of Uganda License Renewal

Proshare

Friday, December 18, 2020 / 9:52 PM / NSE / Header Image Credit: Invest Advocate


Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its subsidiary Airtel Uganda Limited ("Airtel Uganda") has been issued a National Telecom Operator Licence. This follows a period of negotiation and transition to a new Licensing Regime.

 

The new licence is with effect from 1 July 2020 and is for a period of 20 years. Airtel Uganda thanks the Government of Uganda and the Uganda Communications Commission for its cooperation on this important process.

 

Airtel Uganda will retain all its current spectrum subject to the law and terms of assignment. The scope of services will be the provision of basic telecommunication services, infrastructure services, and value-added telecommunication services. In addition, Airtel Uganda commits to achieving coverage of 90% of the geographical boundary of Uganda within five years of the effective date of the licence - with a minimum obligation of providing voice and data services. Under the terms of the licence Airtel Uganda has paid USD 74.6 million which includes VAT of USD 11.4 million.

 

Visit Airtel Africa Plc IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

 Proshare Nigeria Pvt. Ltd.

 

Table:  Q2 2020 Unaudited Results

Proshare Nigeria Pvt. Ltd.


Related News

1.   AIRTELAFRI Notifies of Dealing in 1.4m Volume of Shares Worth 0.9m GBP By Raghun...

2.  AIRTELAFRI Notifies of Interim Dividend Payment Timeline...

3.  AIRTELAFRI Appoints Ms. Bayer Rosmarin as a Non-Executive Director...

4.  AIRTELAFRI Declares 145m PAT in H1 2021 Results Dips By 36.4 SP N410.20K ...

5.  AIRTELAFRI Notifies of H1 21 Results...

6.  AIRTELARFI Appoints Awuneba Ajumogobia As an Independent Non-Executive Director...

7.   AIRTELAFRI Announces Strategic Partnership With MoneyGram...

8.   AIRTELAFRI Signs Strategic Partnership With Standard Chartered Bank...

9.   Airtel Africa Plc and Telkom Kenya Limited Reconsider Stance on Merger...

10. Airtel Africa Plc Underperforms Analysts Expectations despite 11.8 Growth in C...

READ MORE:
Related News
SCROLL TO TOP