• EDITORIAL POLICY
  • ABOUT US
PML Daily
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home BUSINESS

MTN Uganda bows to pressure, agrees to pay UGX370b for new licence

GEORGE OKELLO | PML Daily Senior CorrespondentbyGEORGE OKELLO | PML Daily Senior Correspondent
March 12, 2020
59 3
45
SHARES
889
VIEWS
FacebookWhatsAppTwitter
Chief Executive Officer (CEO), MTN Uganda Mr. Win Vanhelleputte speaks to media recently (PHOTO/File)

KAMPALA – Telecom giant MTN Uganda has agreed to pay $100m (about Shs370b) to the government for renewal of its licence, ending a standoff that attracted the attention of the President.

MTN’s licence expired in October 2018 and since then, there have been back and forth negotiations with the government, with the telecom firm seeking a reduction. The Uganda Communications Commission (UCC) has been granting MTN temporary extensions during the negotiations.

But on Wednesday, March 11, 2020, UCC confirmed that MTN has since agreed to pay the money for a 10-year licence.

“We are waiting for them to make the payments”, for the process of licence renewal to be kick-started. They are likely to pay in two instalments and currently, meetings are ongoing to determine terms of payment,” Mr Ibrahim Bosa, the spokesperson, is quoted as saying in an interview with this web site.

According to the new telecom licensing framework and regulations, national telecom operators will be required to pay either 2 per cent of their gross annual revenues or pay $100m for a 10-year licence.

President Museveni on October 28, 2018, wrote to UCC, questioning their decision to allow MTN to pay $58m as licence fees despite Cabinet agreeing on $100m.

“You ought to be aware that over the 20-year span during which MTN has been operating in Uganda, it has reaped vast profits most of which have obviously been repatriated. This is common knowledge derived from the company’s own declarations and from our own sources,” the President wrote.

The government explained that the hike in licence fees was premised on projected annual gross revenues of the telecom, which put into consideration growing populations.

Share this:

  • Twitter
  • Facebook

Related

Leave a comment

Tags: Mr. Win VanhelleputteMTN ugandatopUganda communications commission

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe


About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us



  • EDITORIAL POLICY
  • ABOUT US

© 2023

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2023

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist