By Editor on October 13, 2009 · Leave a Comment
MTN in Uganda has raised USD 100 Million for network expansion with Absa Capital as the lead arranger.
Stanbic Bank, Standard Chartered, Kenya Commercial Bank, Barclays, DFCU and Orient bank participated to raise the amount. Isaac Nsereko, chief marketing officer of MTN Uganda confirmed the development to Reuters.
Uganda has a total of 6 telecom players: Uganda Telecom (UTL), Zain, Orange, Warid, I-Telecom and MTN. MTN is the largest with 60% market share and just under 5 million subscribers, according to Isaac Nsereko.
Filed under Mobile ·
Tagged with Absa, Barclay, Barclays, DFCU, I-Tel, I-Telecom, Isaac Nsereko, Kenya, Market Share, MTN, MTN Uganda, Network, Network Expansion, Orange, Orient, Stanbic, Stanbic Bank, Standard Chartered, telecom, Uganda, Uganda Telecom, UTL, Warid, Zain
By Editor on February 27, 2009 · Leave a Comment
MTN Uganda has launched m-banking service, enabling its subscribers to transfer money using their mobile phones. MTN Uganda CMO Isaac Nsereko said they have over 600 transaction points across the country where money can be sent or received and the service will work across networks. The subscriber have to open a mobile account with MTN at any of the company’s dealers to transfer money. Customers are given a secret code when they send money, and they are required to send that code to the recipient for presentation at payments points. Zain is anticipated to launch its Zap service in Uganda soon.
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