Mauritius denies rumours of UTL interest

1 Oct 2019

The government of Mauritius has played down rumours that local state-backed telco Mauritius Telecom (MT) is still interested in acquiring a majority stake in Uganda Telecom Ltd (UTL). The Ugandan government is looking to sell off around two-thirds of UTL in an attempt to revitalise the struggling operator, but a deal agreed a year ago with Nigeria-based investor Teleology fell through in January due to its failure to hand over the deposit payment. At the time of the Teleology deal, MT had been named as another potential buyer for UTL.

According to a report from the Kampala Post, however, there are now no plans for MT to take a stake in its Ugandan counterpart. Officials in Mauritius have also denied that Uganda’s Minister for Privatisation and Investments, Evelyn Anite, travelled to Mauritius in August to discuss a possible deal between MT and UTL. According to TeleGeography’s GlobalComms Database, MT is 33.5% state-owned, while Orange of France has a 40% interest.

Uganda, Mauritius Telecom (MT), Uganda Telecom Limited (UTL)