After two years, MTN Group has finally reached an arrangement for a long-term renewal of its operating licences in Uganda.
The pan-African group’s Ugandan licence expired in October 2018, and has been operating the market using a temporary licence that had to be renewed every six months.
MTN Uganda has now agreed an arrangement with the Uganda Communications Commission to pay $100 million for a 12-year licence in Uganda valid from 1st July. In a statement, the operator said that it “will conclude the signature of the Licence Agreement within the coming days.”
MTN Uganda confirmed that its parent firm had now “fulfilled all conditions precedent to the licence, including the payment of a total sum of $100 million as licence renewal fee.” The operator is Uganda’s largest as of Q1 2020.