MTN Uganda Limited

MTN Uganda Limited is the leading telecommunications provider in Uganda, offering a wide range of services including voice, data, mobile financial services, and digital solutions. It is a subsidiary of MTN Group, a multinational telecom operator headquartered in South Africa.

📜 Company Overview

• Founded: 1998

• Headquarters: Plot 69–71 Jinja Road, Kampala, Uganda

• CEO: Sylvia Wairimu Mulinge (since October 2022)

• Chairman: Charles Magezi Mbire

• Employees: Over 1,000 (as of 2021)

• Stock Listing: Traded on the Uganda Securities Exchange under the symbol MTNU

📈 Market Position & Subscriber Base

As of May 2024, MTN Uganda had surpassed 20 million subscribers, maintaining its position as the largest telecom operator in the country. The company holds a significant market share, competing primarily with Airtel Uganda.

💼 Services and Business Segments

MTN Uganda operates through several business units:

• Consumer Services: Voice, data, and SMS offerings for individual customers.

• Enterprise Business Unit: Tailored solutions for corporate clients.

• Wholesale and Carrier Services: Interconnect and roaming services.

• Mobile Financial Services: Mobile money services under the MoMo brand.

In the fiscal year ending December 2024, telecommunications services accounted for 74.5% of net sales, while mobile financial services contributed 25.5%.

💰 Financial Highlights

• Revenue: In 2019, MTN Uganda reported a pre-tax revenue of USh 1.5 trillion (approximately US$407 million).

• IPO: In December 2021, the company raised USh 535.9 billion (approximately US$151 million) through an initial public offering, listing 20% of its shares on the Uganda Securities Exchange.

• Syndicated Loan: In December 2024, MTN Uganda secured a USh 370 billion (US$100 million) syndicated loan to finance network expansion.

🏗️ Infrastructure & Network Expansion

MTN Uganda has invested significantly in expanding its network infrastructure. As of 2021, the company operated six data centers across the country and approximately 2,550 communication masts, achieving 92% population coverage.

🤝 Partnerships & Innovations

MTN Uganda has been at the forefront of digital innovation in the country. The company introduced mobile money services in 2009, which have since become a significant part of its operations. Additionally, MTN Uganda has partnered with various stakeholders to enhance its service offerings and expand its digital footprint.