UTL to get funds injection

BUSINESS

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Image: By BiztechAfrica
UTL to get funds injection

Uganda Telecom Limited (UTL) is expected to get a cash injection from LAP Green Network to address critical funding needs.

Libya’s LAP Green Network owns 69% of UTL. The Ugandan operator has suffered funding problems and significant debts that resulted in a disruption of services.

The company aims to improve its infrastructure and introduce additional services to generate sustainable revenue and improve its financial position.



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