(Alliance News) - Telecommunications services provider Airtel Africa PLC on Friday said it has been issued a national telecom operator licence in Uganda after paying USD74.6 million through its subsidiary Airtel Uganda Ltd.
Following a period of negotiation and transition to a new licensing regime, the new licence will commence on July 1 and be valid for 20 years.
"Airtel Uganda will retain all its current spectrum subject to the law and terms of assignment. The scope of services will be the provision of basic telecommunication services, infrastructure services, and value-added telecommunication services. In addition, Airtel Uganda commits to achieving coverage of 90% of the geographical boundary of Uganda within five years of the effective date of the licence - with a minimum obligation of providing voice and data services," the group stated.
Shares in Airtel Africa were down 2.0% at 74.60 pence on Friday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Airtel Africa (AAF)