Kampala, Uganda | THE INDEPENDENT | The Director of Criminal Investigations Directorate Grace Akullo has set up a team to investigate the alleged hacking into the electronic systems of a bank and two telecom companies. The hackers allegedly accessed systems of Pegasus technologies that manage electronic transactions of telecom companies …
Read More »MTN appoints new CEO
Johannesburg | THE INDEPENDENT | Chief Financial Officer of MTN Group Ralph Mupita will on September 1 take over from Rob Shuter as president and CEO. “After a rigorous and extensive search process, we are pleased to have appointed someone of Ralph’s calibre, experience and ability to fill the group president …
Read More »MTN Uganda registers Shs442bn net profit
The company executives say focus on digitization will drive growth of business going forward Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has reported a 9.1% increase in net profit to Shs442.6billion for the first six months of 2020. According to company’s latest interim results, the performance was driven by …
Read More »MTN Uganda gets 12 more years
Kampala, Uganda | THE INDEPENDENT | Government has reached an agreement with telecom company MTN Uganda to renew its license for a period of 12 years. MTN will pay sh372 billion for the license that commences on July 1, 2020. The telecom company said in a statement on Saturday that …
Read More »MTN ordered to pay UGX 44.2b to URA in two court cases
Kampala, Uganda | THE INDEPENDENT | Telecommunications giant MTN Uganda has been ordered to pay Uganda Revenue Authority – URA- 44.2 billion Uganda Shillings in two separate court cases that could forever define how telecoms pay their taxes. In one case, MTN will pay 24.2 billion Shillings on the dispute on …
Read More »MTN Uganda records 12.5% growth in revenue
The telco is said to have agreed to pay $100-million for the renewal of its operating licence Kampala, Uganda | ISAAC KHISA | A double digit growth in data and mobile money services helped MTN Uganda to record a 12.5% growth in revenue to Shs1.4trillion last year compared with 2018. …
Read More »MTN CEO to step down
Johannesburg. South Africa | THE INDEPENDENT | MTN Group’s president and CEO Rob Shuter will step down in March 2021 at the end of his contract, the company confirmed Wednesday, as it released its financial results for year ended 31 December 2019. “CEO Rob Shuter will be stepping down from …
Read More »Telecoms take the heat to traditional Pay-TV firms
Television still dominates the content space Kampala, Uganda | ISAAC KHISA | Telecom firms are slowly taking the battle for consumers to traditional Pay TV’s door step with the matching of the rival’s content either through partnerships or own content plays. MTN Uganda unveiled the YOTV in partnership with Al …
Read More »MTN announces $1.6bn Nigeria investment
Abuja, Nigeria | AFP | South African mobile giant MTN has said it will make investments worth $1.6 billion (1.45 billion euros) in Nigeria as it seeks to put a series of legal wrangles to bed. The telecommunications firm said late Wednesday that its top executives made the announcement during …
Read More »UCC finds poor signal responsible for most network failures
Kampala, Uganda | THE INDEPENDENT | Uganda Communications Commission has found that poor signal quality was the biggest contributor to network failures among telecom companies in the country. The communications sector regulator carried out the quality of services survey between September 2019 and November 2019 and found that MTN …
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