• EDITORIAL POLICY
  • ABOUT US
PML Daily
  • 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
  • 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
suubula suubula suubula
Home BUSINESS

Market performance report reveals massive growth in communications sector

JAVIRA SSEBWAMI | PML Daily Staff Writer by JAVIRA SSEBWAMI | PML Daily Staff Writer
May 30, 2020
in BUSINESS
0 0
158
VIEWS
FacebookWhatsAppTwitter

KAMPALA — Mobile subscriptions in Uganda stood at 26.7 million in December 2019, a 3% jump from 25.7 million subscriptions four months earlier, the latest market performance report released by Uganda Communications Commission indicates.

This growth translates into a penetration of 66 telephone lines per 100 as of December 2019, up from 63.7 lines per 100 at the end of September 2019, the report adds. That means there were 66 phone subscriptions registered for every 100 people.

The quarterly report, which is based on licensees’ submissions, reveals a total of 1.9 million additions to the telephone network over the last four quarters. Ninety-seven per cent (97%) of the total subscriptions are on mobile, while 3% are fixed lines.

On internet subscription, the report shows impressive growth, from 15.4 million in October 2019 to 16.9 million at the end of December 2019.

“The growth in internet subscriptions may be due to increasing mobile data subscriptions, which are largely driven by growth in feature and smart handset penetration,” the report says.

Indeed the number of active smartphones on the network had risen to 6.6 million by the end of December 2019, while feature phones with basic data capabilities totalled 17.2 million.

The robust growth in cellular subscriptions, the report indicates, is driven by growing investment in both core and radio network coverage.

“By December 2019, 2G sites stood at 4,810, 3G sites stood at 4,187, and 4G sites stood at 2,593. These were served by a network of 19,609km of terrestrial backhaul fibre,” the report says.

Related to that, the report highlights ATC’s acquisition of Eaton Holdings Ltd Uganda, a transaction that effectively brought together the operations of both companies in Uganda.

Mobile financial services continued to experience steady growth, according to the report, with the quarter ending December 2019 realising 700,000 new registered mobile money accounts.

“Net additions in registered mobile money accounts between December 2018 and December 2019 stood at 2.6 million new accounts,” the report says. “The quarter ended with 27.1 million registered mobile money accounts, up from 26.4 million in September 2019.”

However, active mobile money accounts stood at 16.6 million accounts in December 2019, up from 15.6 million in September 2019, representing 6% quarter on quarter growth.

Active mobile money subscriptions refer to accounts that have conducted at least one billable financial service in three months, in this case, October – December 2019.

During the period under review, mobile money agents reduced from 225,879 in September to 219,577 agents as at the end of December 2019. The contraction in the mobile money agent network, the report says, could be attributed to the following factors:

  • Increased competition from agency banking
  • Increased bank to wallet and wallet to bank transfers
  • Multi-network agency models that arose following barring of exclusive mobile money dealership obligations
  • Increased number of merchants accepting payments which has kept money in the ecosystem

Highlighting growth in usage of Over The Top (OTT) services (such as Facebook, WhatsApp and Twitter), the report reveals that at least 10.16 million cellular users accessed OTT services at least once during the month of December 2019, compared to 9.39 million at the end of October 2019.

On the whole, monthly telecom industry revenues grew by 18%, from 265 billion in September 2019 to 313 billion in December 2019.

“While most of the revenue growth may be due to the new activity on mobile money and new subscriptions on cellular services, some of the growth in revenues may be attributed to the seasonal demand associated with the December holidays,” the report pointed out.

In terms of distribution, voice and SMS services accounted for Shs 157 billion, while data and mobile money posted revenues of Shs 63 and Shs 70 billion respectively in the month of December 2019.

As for courier services, the report notes that five new courier licenses were issued during the same period, growing the number of courier service providers from 23 in September to 28 at the end of December 2019.

Comments

Tags: Markert performance reporttopucc

Related Posts

Chinese President Xi Jinping chairs the China-Central and Eastern European Countries (CEEC) Summit and delivers a keynote speech via video link in Beijing, capital of China, Feb. 9, 2021 (PHOTO/Xinhua).
ANALYSIS

What does China’s poverty reduction victory mean to the world?

February 26, 2021
10
The Hippos have qualified for the AFCON U20 Semi finals (PHOTO/Courtesy)
Football

Afcon U-20: Uganda storms continental semis in style after ejecting Burkinabe on penalties

February 26, 2021
20
Winnie Byanyima, Executive Director of UNAIDS
NEWS

UNAIDS welcomes the United Nations General Assembly decision to hold a high-level meeting on HIV/AIDS in 2021

February 26, 2021
17
Government Spokesperson, Ofwono Opondo appearing on NBS late night talk show on Thursday (PHOTO/Courtesy).
NEWS

Ofwono Opondo: The U.S can’t ‘lecture Uganda’ on Democracy

February 26, 2021
110
US department of State spokesperson Ned Price (PHOTO/Courtesy).
NEWS

U.S wants credible probe into Uganda’s January 14 general polls

February 26, 2021
218
Mr. Mayambala Willy (PHOTO/File)
NEWS

Former presidential candidate – Mayambala who claimed Uganda polls were ‘free and fair’ wants to inherit Bobi Wine’s petition

February 26, 2021
130

Advertisement






 

 

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

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2020 PMLDAILY.COM

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

© 2020 PMLDAILY.COM

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In