Uganda: Libyans Pull Out of UTL, Uganda Govt Takes Over

Uganda Telecom Limited (UTL) that has been limping for years, will be rescued by government, that will take over its full management immediately.

Minister for Finance Matia Kasaija confirmed that Libyan company UCOM, a subsidiary of majority shareholders Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC), would no longer be able to finance UTL.

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