UTL losing up to UGX500m a month

8 Feb 2017

A parliamentary investigation into Uganda’s state-backed fixed and mobile operator Uganda Telecom Ltd (UTL) has discovered that the firm has racked up debts of around UGX700 billion (USD193 million). According to a report from NTV, a select committee of MPs has also found that the telco has been making losses of up to UGX500 million a month. The government has a 31% stake in UTL, while the remainder is owned by Libyan investment group LAP GreenN.

TeleGeography’s CommsUpdate reported yesterday that UTL had settled a dispute with cellular operator Airtel Uganda over unpaid interconnect fees; Airtel had been threatening to stop connecting calls to and from UTL users because it was owed UGX8 billion, but the two parties have now agreed a repayment schedule under which UTL will settle the debt.

Uganda, Uganda Telecom Limited (UTL)