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MTN Uganda Listing
kmucheke
#1 Posted : Friday, July 24, 2020 4:11:32 PM
Rank: Member


Joined: 3/16/2019
Posts: 128
MTN Uganda will be listing on the USE in accordance with a government directive. But no time frames have been given by either the government or MTN. I also hope they cross-list in the NSE since i'm not a fan of UMEME.
BD Link
Quote:
Uganda has opened a window for East Africans to buy shares in MTN Uganda when the telecom operator sells it 20 percent equity stake on the local bourse.

The government is forcing all its telecom operators, including MTN Uganda and the local unit of India’s Bharti Airtel, to list a fifth of their shares on the Uganda Securities Exchange to allow locals to benefit from the sector’s profits.

“The shares are restricted to Ugandans, and also citizens from the East African Community (EAC),” Ibrahim Bbosa, spokesman for the Uganda Communications Commission, the regulator, told Reuters.


kmucheke
#2 Posted : Friday, July 24, 2020 4:45:33 PM
Rank: Member


Joined: 3/16/2019
Posts: 128
From various sources, the listing is supposed to be done within 2 years of license renewal which was done on July 2020.
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