08 April 2022

Airtel Uganda, the east African country’s second largest telecoms company and a unit of India’s Bharti Airtel, plans to list a part of its equity by the end of this year, according to its managing director.

The company renewed its operating licence in 2020, with one of the conditions for the new licence being Airtel Uganda to list at least 20% of equity on the local bourse.

“We will be listing in Uganda stock exchange most probably by December of 2022,” Airtel Uganda Managing Director Manoj Murali, told local NTV Uganda.

The firm has about 10 million subscribers and is the second biggest operator after a unit of South Africa’s MTN Group, which boasts circa 15 million subscribers.