Uganda Telecommunications Corporation Limited

[3] Following the Ugandan Parliament's passage of the Communications Act in 1997, the Ugandan parastatal Uganda Posts and Telecommunications Company Limited (UPTCL) was divided into four entities: In June 2000, UTL was privatized when the government divested 51 percent of its shares to Ucom, a consortium formed by Detecon of Germany, Telecel International of Switzerland, and Orascom Telecom Holding of Egypt.

In September 2009, UTL became the first Ugandan provider to introduce the solar powered hand-held mobile phone, locally called "Kasana".

[6] In March 2011, the Ugandan government seized Lap Green's 69 percent shareholding in UTL as part of sanctions against the regime of Muammar Gaddafi.

The managing director was Mark Shoebridge, who was appointed temporarily on 21 May 2015 as he was leaving the company from his role as chief fixed services officer to lead operations in Vodacom Nigeria.

[18] In a cabinet meeting convened on Monday 1 October 2018 and chaired by President Yoweri Museveni, Taleology Holdings GIB Limited of Nigeria, was selected to operate UTL for the next 20 years.

The deal included UTL's total assets, valued at USh148 billion (US$39.5 million), tax waivers, an extended frequency and Uganda's national backbone optic fibre infrastructure.

[19] When, in February 2019, Taleology failed to remit the required funding to effect the acquisition, UTL went back on the market and a new buyer was being sought.

[22] Following the exit of Libya's LAP Green in 2017[16] and the unsuccessful attempted sale to Nigeria's Taleology Holdings in 2019,[20] the Uganda government decided to nationalize the insolvent (bankrupt) UTL.

[24] In November 2022, the then UTL receivership administrator, Ruth Sebatindira, handed over the company assets to the new shareholders represented by the State Minister of Finance for Investments, Evelyn Anite.