Monday, June 1, 2009

Essar Acquires GSM Licence in Uganda

A unit of Essar Group has won a licence in Uganda to build a USD 200 million GSM phone network, India's Mint newspaper reported. Unlisted Essar Teleholdings, which obtained a similar licence in Kenya last year, will own 90 percent of the venture, the paper said, quoting a group official.
The company said it has paid USD 3 million for frequency charges to the Uganda Communication Commission and will launch the service in August in a joint venture with Kenyan Telecom Uganda, a local telecom company. It quoted Srinivasa Iyengar, managing director of Essar Telecom Kenya.
Uganda has six mobile phone operators, of which MTN is the market leader with a 45 percent share. Essar Teleholdings has also decided to bid for licences in Tanzania, Congo and Cameroon, the paper said.

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