Reuters reports that Uganda has returned a 69% stake in Uganda Telecom Limited (UTL) to its Libyan shareholders LAP Green. The majority stake was seized early last year as part of sanctions on former Libyan leader Muammar Gaddafi. ‘Shareholders and directors of its wholly owned subsidiary UCOM … have now resumed their management control responsibilities of Uganda Telecom Limited (UTL),’ state-owned LAP Green said in a statement. According to TeleGeography’s GlobalComms Database, UTL ended March 2012 with an 11.6% share of the Ugandan mobile subscriber market.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors