President Yoweri Museveni (centre) held talks with MTN Group chief executive Rob Shuter (left) in Davos, Switzerland that ended the dispute over the renewal of MTN’s licence. PHOTO | PPU
The dispute between African telecommunications giant MTN and Ugandan authorities may be far from over, but decade-old intention to open up the company to wider Ugandan participation provided President Yoweri Museveni and MTN Group chief executive Rob Shuter straws to cling on it, as they pulled back from the brink of a potentially damaging standoff over the company’s future in Uganda.
In a statement datelined Davos, Switzerland, where President Museveni held talks with the MTN boss on January 23, State House Kampala announced that a months old dispute over the renewal of MTN’s licence had been resolved, and that the telco had also agreed to spread its ownership to more Ugandans through a share placement with the National Social Security Fund.
