Uganda Telecom
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High Quality Content by WIKIPEDIA articles! Uganda Telecom, whose full legal name is Uganda Telecom Limited (UTL), is an information and communication technology network company in Uganda. In June 2000, UTL was privatized when the Government divested 51% of its shares to Ucom, a consortium formed by Detecon, of Germany, Telecel International of Switzerland and Orascom Telecom of Egypt. The Ugandan Government retained 49% ownership in UTL. Orascom sold their interest in Ucom to Telecel, sometime between 2002 and 2003. In March 2007, LAP Greencom, a subsidiary of Libya African Investment Portfol...
High Quality Content by WIKIPEDIA articles! Uganda Telecom, whose full legal name is Uganda Telecom Limited (UTL), is an information and communication technology network company in Uganda. In June 2000, UTL was privatized when the Government divested 51% of its shares to Ucom, a consortium formed by Detecon, of Germany, Telecel International of Switzerland and Orascom Telecom of Egypt. The Ugandan Government retained 49% ownership in UTL. Orascom sold their interest in Ucom to Telecel, sometime between 2002 and 2003. In March 2007, LAP Greencom, a subsidiary of Libya African Investment Portfolio (LAP), a company owned by the Government of Libya,[3] bought into Ucom, while Detecon sold their interest in the consortium to Telecel International. The new shareholding structure in UTL, left the Ugandan government with a 31% ownership, while Ucom's shareholding increased to 69%.
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