[9] In 2016, The Independent (Uganda) reported that MTN Uganda, had plans to construct a new skyscraper between Jinja Road and Old Port Bell Road, where British American Tobacco used to maintain offices, which would serve as the headquarters for the company.
As of March 2015, MTN controlled 80 percent of the mobile money market in the country.
The Tidal platform, co-owned by American mogul Jay-Z, offers streaming audio and video for a daily fee of USh1000 (US$0.26).
[21] In March 2020 MTN Uganda agreed to pay US$100 million for a 14 year operating licence and to list 20 percent shareholding on the USE, no later than the second quarter of 2022.
[22] The shares sold on the USE will be restricted to nationals of the countries of the East African Community; namely Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda.
[23] The IPO was expected to raise about US$1.2 billion, according to Keith Kalyegira, the CEO of the Capital Markets Authority of Uganda (CMA).
The shares of stock of the company started trading on the Uganda Securities Exchange, on 6 December 2021 at 9.30am, local time.
[28][29] As of March 2019, the Acting Chief Executive Officer of the company was Gordian Kyomukama, previously the Chief Technology Officer[31] In June 2019, Wim Vanhelleputte re-assumed his position as CEO, after he returned to Uganda, following negotiations between the Ugandan government and MTN International.
[32] As of November 2023, the Chairman of the board is Charles Magezi Mbire and the CEO is Sylvia Wairimu Mulinge.
Due to prolonged negotiations between MTN and the Ugandan government, the company has since been operating on temporary short-term licenses.
[39] In the 12 months ended 31 December 2019, MTN Uganda's gross revenue amounted to USh1.5 trillion (approx.
[40] In July 2022, The EastAfrican reported that MTN Uganda controlled 47.5 percent of the mobile telephone market in the county, at the end of 2021.