Local telecoms regulator -Uganda Communication Commission (UCC) has granted a 30 days provisional licence to MTN Uganda, its 20 -year licence having expired on October 20, 2018.
Eng. Godfrey Mutabazi, the Executive Director of UCC said MTN Uganda was not ready to renew its old licence as it expired last Saturday.
“We are still working out some modalities. We have given them a 30 days provisional licence,” he said, emphasizing that the telecom company will get a 10-year licence when the provisional one expires.
The process for licence of renewal started a year ago when Mutabazi revealed that UCC had received application from MTN Uganda.
Cabinet last month cleared to renew MTN’s licence though it comes with tough terms as laid out in the new national broadband policy. Some of the conditions include; listing on the Uganda Securities Exchange (USE) and covering entire geographical area of Uganda, national roaming, among others.
CEO Wim Vanhelleputte months ago hinted the top managers would in the near future start the process of listing on the local bourse to allow Ugandans own shares in the company.