VG Somasekhar Archives – CEO East Africa

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MTN, Airtel restore mobile money services

CEO ReporterCompany NewsOctober 12, 2020October 12, 2020

MTN Uganda and Airtel Uganda have restored mobile money services between the two networks. In a joint statement today, Wim Vanhelleputte, Chief Executive Officer MTN Uganda and VG Somasekhar, Managing Director Airtel Uganda state: “MTN Uganda and Airtel Uganda wish to inform the public and their customers that mobile money services between the two networks have resumed.” Send and receive money “Customers can now send and receive money across both networks,” the joint statement says, adding, “We apologise to all customers for any inconvenience this may have caused and reiterate our commitment to delivering secure and seamless mobile money services.”…

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Hackers break into mobile money system, make off with unspecified billions belonging to Airtel, MTN, Stanbic, and other financial institutions

Muhereza KyamuteteraBanking & Financial Services The Big StoryOctober 5, 2020October 5, 2020

Unidentified hackers broke into the systems of Pegasus Technologies, a company that integrates mobile money transactions between telcos, banks, and other local, regional, and international money transfer services, making off with a yet to be known sum, but said to be in billions of Shillings. The most affected firms are the leading telcos, Airtel and MTN Uganda, as well as Stanbic Bank, Uganda’s largest bank that also backs up most of the mobile money transactions. In a joint statement released today, 5th October 2020, Anne Juuko, Wim Vanhelleputte, and VG Somasekhar, the CEOs of Stanbic Bank Uganda, MTN Uganda, and…

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10 years and 10 million customers- Airtel Uganda marks a decade of transformation in Uganda

CEO ReporterCompany NewsJune 8, 2020June 8, 2020

Airtel Uganda, has today kicked of a celebration of its 10 years anniversary in Uganda- a feat the company has dubbed “10 years of transforming and enriching the lives of Ugandans.” Airtel opened its doors in Uganda on June 8, 2010, promising an “endless world of possibilities and transformation through leadership in innovation, investment, financial and digital inclusion.” This followed the acquisition, by India’s Bharti Airtel of what was then known as Zain Africa, for USD10.7 billion. Zain was in 15 African countries including Uganda. Speaking during the announcement of the 10-year anniversary celebrations, V.G Somasekhar, the Airtel Uganda Managing…

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V.G Somasekhar resigns as Airtel Uganda Managing Director

Muhereza KyamuteteraCompany News Technology & Innovation The Big StoryMarch 3, 2020March 3, 2020

V.G Somasekhar, Airtel Uganda’s Managing Director has resigned his position as Managing Director, CEO East Africa Magazine has exclusively learnt. Raghunath Venkateswarlu Mandava the Airtel Africa CEO, broke the news to all group staff in an email this afternoon. In the email titled: “Resignation Of V.G Somasekhar: Managing Director – Uganda“, Mr. Raghu wrote: “VG Somasekhar (Soma), Managing Director of Airtel Uganda Limited has expressed his desire to move to India and as such resigned from his current job, but will be associated with the Bharti, Airtel Group on his return to India. Somasekhar re-joined Airtel Africa in August 2017,…

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Airtel Uganda launches Airtel TV- a live TV and video on demand service

Muhereza KyamuteteraCompany News Technology & Innovation The Big StoryFebruary 14, 2020February 14, 2020

Airtel Uganda on 11th February 2020 launched a Live TV and Video on Demand (VOD) service, offering a portfolio of local and international content sourced from some of the largest studios across the globe. The service that is only available to Airtel Uganda subscribers, allows users to stream live, up to 11 local television channels and growing, as well a series of local and international content at no cost- provided one has an active data bundle. Speaking during the launch, the Airtel Uganda Managing Director Mr. V.G Somasekhar noted that Airtel TV is the embodiment of convenient and affordable entertainment….

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