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TodayFriday, May 22, 2026

Sale of Uganda Telecom

END OF AN ERA: The assets of Uganda Telecom, following a February 2022 assets sale, will be transferred to UTCL, a new telco formed by government in a legal manoeuvre to avoid paying debts, most of which were owed by the same government.

IT HAS ENDED IN TEARS: Uganda Telecom to be transferred to UTCL; the new gov’t owned telco outfit; over 110 companies to lose over UGX300bn in unpaid debts

Uganda Telecommunications Corporation Limited (UTCL)—the newly formed government-owned telco is expected to, this Friday, November 18th, 2022, take over the assets of the now insolvent Uganda Telecom. Uganda Telecom was previously owned
November 17, 2022
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