Government Takes Over UTL

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Government has finally taken over the management of Uganda Telecom Limited from a UCOM, a Libyan IT and Telecommunication company that was wholly owned by the government of Libya.
According to Matia Kasaija , the minister for Finance, UTL’s performance has been characterized by heavy indebtedness, decline in market share and losses as a result of inadequate investment and dilapidated network, a situation that UCOM would not handle due to political turmoil in Libya.

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