Uganda: MTN pays $100m to extend operation by 12 years

MTN, Uganda, MTN Group, Licence

Pan African telco, MTN Group, has paid $100 million to renew its telecoms licences in Uganda for the next 12 years, according to reports in the press. MTN Group’s licence originally expired in October 2018, with the South African headquartered firm initially offering less than $50 million to renew its licences, according to a report in the Ugandan Observer. Uganda’s president rejected the initial offering, insisting that MTN Group must pay a fair rate for delivering services in the country. Since October 2018, MTN Group has been operating under a revolving…

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