Uganda’s communications commission (UCC) launched a public consultation process for the acquisition of telecoms firm Eaton Towers by rival American Tower Corporation (ATC).
The regulator is inviting citizens and sector players to provide written comments, during the consultation period which runs from August 19 to September 2, regarding the looming merger between the two companies. This measure lies within the framework of the section 38(2) (d) of the Act and Regulation 7 (2) (d) of the Telecommunications Licensing Regulations SI No. 20 of 2005 which stipulates that before determining whether or not to grant an application for grant/merger of license, the Commission must consider the public interest.
Eaton Towers Uganda Limited and ATC Uganda Limited have been operating as infrastructure service providers in Uganda since 17 April 2012 and 22 August 2015 respectively. Both companies have secured 15-year Public Infrastructure Licenses (PIPs).
In the event of a successful merger, these two companies, which will combine their interests, ownership and operations, will then form a major provider of passive infrastructure services to the Ugandan telecommunications sector.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Project targets up to 1 million tons of output using solar and wind Initial investment estimated at $5 billion, with expansion potential Plan...
Ghana rolls out Publican AI at Tema Port, with early revenue rising from GH₵2.4bn to GH₵3.6bn after deployment System flags undervaluation and fraud...
Rice is deeply rooted in diets but demand now far outpaces local supply Production has increased across the region, yet value chains remain...
First RMBS listing on BRVM backed by NSIA Banque Côte d’Ivoire CFA10 billion securitization aims to expand housing finance Move seeks to deepen...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....