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Airtel Received a National Telecom Operator Licence in Uganda

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Airtel Africa - Investors King

Airtel Africa Issued a National Telecom Operator Licence in Uganda for a Period of 20 Years

Airtel Africa has been approved to operate across Uganda following a successful negotiation and transition from an existing license to a new licensing regime.

The telecommunications giant disclosed in a statement released on Thursday through the Nigerian Stock Exchange (NSE).

According to Airtel, the new licence became effective on July 1, 2020 and is for a period of 20 years.

The company thanks the Uganda Communications Commission and the Government of Uganda for its cooperation during the long process of negotiation.

The company said “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.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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