Under the leadership of Ugandan tycoon Charles Mbire, MTN Uganda saw its recent sale of shares left over from the 2021 IPO …
MTN Uganda
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MTN Uganda’s success in 2023, brought about the increase in dividend dividend of Shs 403 billion ($103.95 million).
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This strong performance builds on MTN Uganda’s success in 2023, with total revenue rising 16.75 percent to Ush2.67 trillion ($687.97 million).
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MTN Uganda boasts an impressive 98 percent coverage area, serving a vast majority of the Ugandan population.
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Voice revenue rose 11.6 percent, while data and mobile money revenue surged 21.6 percent and 17.6 percent, respectively.
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MTN customers can access Tesadeals without incurring data charges, underscoring the platform’s commitment to accessibility and inclusivity.
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The decline in the market value of Mbire’s MTN Uganda stake underscores the challenges faced by investors in the Ugandan market.
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The market value of Mbire’s 3.99-percent stake in MTN Uganda has declined $43.89 million on Jan. 1 to $41.45 million.
- East Africa
Ugandan tycoon Charles Mbire’s MTN Uganda posts more than $60-million profit in H1 2023
Holding a 3.99-percent stake in the telecom services provider, Mbire’s stake in MTN Uganda is $42 million.
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Mbire, the wealthiest investor on the Uganda Stock Exchange. loses $3.6 million as MTN Uganda’s stock price takes a hit.