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    Slyvia Mulinge

    A graphic representation of how MTN and Airtel's balance sheets look.

    MTN vs Airtel: Balance Sheet Strength Meets Earnings Momentum in the Race to Win the Telecom Market

    Jeff WintersThe Big StoryMarch 14, 2026March 14, 2026

    Uganda’s telecom sector is increasingly defined by a two-horse race between MTN and Airtel. Both companies are growing strongly, benefiting from rising smartphone adoption, data usage, and mobile money transactions….

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