MTN Uganda

MTN Uganda
Private
Industry Telecommunications
Founded 1998 (1998)[1]
Headquarters 22 Hannington Road
Kampala, Uganda
Key people
 Wim Vanhelleputte
CEO[2]
Services
Revenue Pretax:USh734.4 billion (US$20 million) (2017)[3]
Website www.mtn.co.ug

MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent marketshare, as of 30 June 2017.[4][5]

Location

The headquarters of MTN Uganda are located at Nyonyi Gardens 4 Wampewo Avenue, Upper Kololo Terrace, Kampala in the Kampala Central Division, one of the administrative units of the city of Kampala, the capital and largest city of Uganda.[6] The coordinates of the company headquarters are 0°19'10.0"N, 32°35'17.0"E (Latitude:0.319434; Longitude:32.588051).[7]

In 2016, The Independent (Uganda) reported that MTN Uganda, had plans to construct a new skyscraper between Jinja Road and Old Port Bell Road, where British American Tobacco used to maintain offices, which would serve as the headquarters for the company.[8]

Overview

MTN Uganda is a subsidiary of MTN Group, a multinational telecommunications group connecting approximately 232 million people in 22 countries across Africa and the Middle East.[9] In 2009, MTN Uganda introduced its mobile telephone-based banking product known as Mobile Money. As of March 2015, MTN controlled 80 percent of the mobile money market in the country.[10]

In November 2015, MTN Uganda switched off 3.7 million of its 11.5 million customers to comply with the Uganda Communications Commission's new SIM card registration requirements.[11][12]

In May 2016, MTN Uganda borrowed US$114 million (UGX:385.8 or 380 billion, depending on the source) to expand its network and build a new headquarters building on Jinja Road in Kampala. Funding was in the form of a syndicated loan by a consortium of four Ugandan banks, namely Stanbic Bank Uganda, Standard Chartered Uganda, Citibank Uganda, and Barclays Bank of Uganda.[13][14]

In August 2016, MTN Uganda in partnership with Commercial Bank of Africa (Uganda) introduced a new product that allows customers to save money and access microloan products, using their cell phone. The product, called MoKash is available on personal accounts and on accounts for small and medium-sized enterprises.[15]

Initial public offering

In 2018 The EastAfrican newspaper reported that MTN Uganda planned to list the shares of stock of the company on the Uganda Securities Exchange.[16]

Governance

Wim Vanhelleputte is the chief executive officer.[2]

See also

References

  1. ↑ MTNU (20 June 2016). "MTN Uganda: About Us". Kampala: MTN Uganda (MTNU). Retrieved 20 June 2016.
  2. 1 2 Matsiko, Philomena (9 August 2016). "MTN Uganda takes on banks with micro-loans product". The EastAfrican. Nairobi. Retrieved 10 August 2016.
  3. ↑ Martin Luther Oketch (9 August 2018). "MTN Subscriber Numbers Drop by 700,000". Daily Monitor. Kampala. Retrieved 12 August 2018.
  4. ↑ Kamukama, Eronie (4 October 2017). "Telecoms scramble for subscribers". Daily Monitor. Kampala. Retrieved 4 October 2017.
  5. ↑ Matsiko, Haggai (15 January 2018). "Uganda: MTN Licence Expires, Rivals Fight Renewal". The Independent (Uganda) via AllAfrica.com. Kampala. Retrieved 30 January 2018.
  6. ↑ MTNU (21 June 2016). "MTN Uganda: Contact Us - Help Channels". Kampala: MTN Uganda (MTNU). Retrieved 21 June 2016.
  7. ↑ Google (21 June 2016). "Location of the Headquarters of MTN Uganda" (Map). Google Maps. Google. Retrieved 21 June 2016.
  8. ↑ Khisa, Isaac (12 June 2016). "Sh380 Billion: New MTN Headquarters, Countrywide Optic Cable". The Independent (Uganda). Kampala.
  9. ↑ Semakula, Othman (21 June 2016). "MTN appoints new group chief after Nigeria fiasco". Daily Monitor. Kampala. Retrieved 21 June 2016.
  10. ↑ "Uganda: Inside MTN Mobile Money Saga". The Observer (Uganda) via AllAfrica.com. Kampala. 15 March 2015. Retrieved 21 June 2016.
  11. ↑ Mark Keith Muhumuza (26 November 2015). "Telecoms rush to beat Sim card registration deadline". Daily Monitor. Kampala.
  12. ↑ The Associated Press (4 March 2016). "MTN profits down 37 percent in 2015, blames Nigeria fine". The Seattle Times Quoting The Associated Press. Retrieved 21 June 2016.
  13. ↑ Mark Keith Muhumuza (27 May 2016). "MTN secures Shs386b loan from local banks". Daily Monitor. Kampala. Retrieved 21 June 2016.
  14. ↑ Khisa, Isaac (12 June 2016). "SH380Bn: New MTN headquarters, countrywide optic cable". The Independent (Uganda). Kampala. Retrieved 21 June 2016.
  15. ↑ Mark Keith Muhumuza (10 August 2016). "Ugandans to save, apply for mobile money loans on phone". Daily Monitor. Kampala. Retrieved 7 November 2016.
  16. ↑ Wakabi, Michael (23 June 2018). "Drug maker CIPLA and telco MTN to list on Uganda bourse". The EastAfrican. Nairobi. Retrieved 24 June 2018.
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