![]() The regulator said the licence would be renewed subject to new conditions, key among which was listing on the local bourse to give citizens a chance to share in the telco’s profits. This came as UCC released a favourable report on MTN, recommending renewal of the licence after conducting public hearings. Last year, Minister of Information and Communications Technology Frank Tumwebaze told The EastAfrican that the Cabinet would make a final decision on the licence. The market leader was accused of underdeclaring its call volume and therefore not paying its fair share to the taxman, a charge it denied. MTN’s 20-year licence expired on October 20, 2018, prompting the regulator, Uganda Communications Commission, to grant it a 30-day interim licence after the Cabinet scuttled the process of getting a quick licence and demanded a review of the telco’s operations. Last week on Friday, authorities were scrambling to avoid a regulatory vacuum as what was initially expected to be a routine process to grant a 10-year extension to the most successful telco in the country got bogged down by uncertainties over what it should pay the National Treasury. On Sunday, January 20, the second interim licence for giant telco MTN Uganda will expire.
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