MTN Uganda is one of the largest company in Uganda which provides telecommunications services under a Second National Operator License for the operation of a telecommunication system issued on 15th April 1998 for a period of 20 years.
This License expired on 21st October 2018 but was variously extended to accommodate conclusion of renewal negotiations which have been ongoing for close to 2 years.
Today, MTN Uganda through its official social media pages announced the conclusion of negotiations for the renewal of its Second National Operator license which expired in October 2018.
— MTN Uganda (@mtnug) June 13, 2020
The announcement also confirmed that MTN Uganda has fulfilled all conditions precedent to the license, including the payment of a total sum of $100 million as license renewal fee for a period of 12 years commencing on 1st July 2020.
They also concluded that MTN and the Commission will conclude the signature of the License Agreement within the coming days.