• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Telecom market buzz: Airtel Uganda to initiate IPO, offering 20% stake

Mourice Muhoozi by Mourice Muhoozi
2 years ago
in Business, Technology
3 0
Airtel Uganda Managing Director Manoj Murali

Airtel Uganda Managing Director Manoj Murali

ShareTweetSendShare

Airtel Uganda has taken a decisive stride towards financial expansion by announcing its plans to launch an Initial Public Offering (IPO), with a tantalizing proposal of offering a substantial 20% stake in the company.

This bold move not only signifies Airtel’s confidence in its position within the competitive telecommunications sphere but also underscores the growing allure of public investment in an era defined by rapid technological evolution.

The operator stated that the offer will prioritize Ugandan investors, aiming for a listing by December 16th to meet the National Telecommunications Operator (NTO) license requirements.

Nishant Mohan, the telecommunications Finance Director said the initiative will offer better prospects for the local population to enrich their revenue sources through returns on investments, resulting in the growth of capital markets.

“The offer is expected to result in meaningful local ownership of Airtel Uganda Ltd, with preference to be given to Ugandan investors, and to contribute to the development of the capital markets in Uganda,” Mohan asserted.

“This aligns with our core value of customer-centricity, and we believe the IPO will boost Airtel Uganda’s reputation across the continent,” he added.

After missing the initial deadline last December, Airtel was granted a 12-month extension to list its shares, unlike its competitor MTN Uganda, which completed its share listing in 2021.

Pending approval from the Capital Markets Authority of Uganda, the shares will be available to investors through both traditional channels and the Airtel Money platform.

Absa Bank Uganda has been chosen as Airtel’s lead transaction advisor, with Crested Stocks and Securities Limited acting as the Lead Sponsoring Broker.

Airtel Uganda, present in the East African nation since 1995, holds a 49% revenue share and a 47.3% subscriber market share, making it a co-leader in the market. The company serves 14.3 million active subscribers in Uganda.

Having obtained an NTO License on July 1st 2020, Airtel Uganda can operate and provide telecommunications services in the country until June 30th 2040, with the option of a ten-year renewal.

Originally known as Celtel Uganda Limited, Airtel Uganda introduced the country’s first mobile cellular network in 1995. The company, under Bharti Airtel Limited since June 2010, rebranded and expanded its coverage. Its 3G population coverage has increased to 98.1%.

Airtel Uganda, a subsidiary of Airtel Africa plc listed on the London Stock Exchange, is part of a pan-African business operating in 14 countries, serving over 140 million subscribers and valued at around $5.5 billion.

In terms of financials, Airtel Uganda reported revenues of Shs1.59 trillion, EBITDA of Shs888 billion, and Net Income of Shs326 billion.

The decision to initiate an IPO comes at a time when the telecom industry in Uganda is witnessing a dynamic interplay of innovation, regulation, and consumer demand.

Airtel Uganda, as a significant player in this landscape, appears poised to harness the potential of public capital infusion to further fortify its market presence and accelerate its trajectory of growth and diversification.

Market experts and industry insiders are eagerly examining the implications of this strategic step, as it underscores the shifting tides within the telecom sector.

The move also opens up an avenue for both institutional and individual investors to become active participants in the journey of a telecommunications giant, marking a distinct departure from the conventional norms of industry ownership and engagement.

In a realm where technological advancements are reshaping communication paradigms and reshuffling industry dynamics, Airtel Uganda’s foray into the IPO arena not only redefines its own trajectory but also resonates as a reflection of the broader metamorphosis underway within the telecom market.

As the company embarks on this groundbreaking journey, market players and enthusiasts alike find themselves on the cusp of a new chapter, one that promises to reshape the telecom narrative in Uganda and beyond.

 


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
ShareTweetSendShare

Related Posts

Business

See #Paradise Island Resort: Sudhir’s Luxurious Eco-Retreat Island on Lake Victoria

6th July 2025 at 15:29
Business

CAN JOHN BOSCO MUWONGE CLAIM A SPOT AMONG AFRICA’S WEALTHIEST?

5th July 2025 at 18:09
Hon. Raphael Magyezi
Agriculture

Yara East Africa and Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security in Uganda

4th July 2025 at 19:06
Next Post

MTN MoMo explores funding initiative to empower agents and merchants

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1114 shares
    Share 446 Tweet 279
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    41 shares
    Share 16 Tweet 10
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2286 shares
    Share 914 Tweet 572
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    45 shares
    Share 18 Tweet 11
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    120 shares
    Share 48 Tweet 30
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

President Museveni underscores need to develop Martyrs’ birth places into pilgrimage and religious tourism sites 

6th July 2025 at 19:55

See #Paradise Island Resort: Sudhir’s Luxurious Eco-Retreat Island on Lake Victoria

6th July 2025 at 15:29

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

President Museveni underscores need to develop Martyrs’ birth places into pilgrimage and religious tourism sites 

6th July 2025 at 19:55

See #Paradise Island Resort: Sudhir’s Luxurious Eco-Retreat Island on Lake Victoria

6th July 2025 at 15:29

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda