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IT HAS ENDED IN TEARS: Uganda Telecom to be transferred to UTCL; the new gov’t owned telco outfit; over 110 companies to lose over UGX300bn in unpaid debts
END OF AN ERA: The assets of Uganda Telecom, following a February 2022 assets sale, will be transferred to UTCL, a new telco formed by government in a legal manoeuvre to avoid paying debts, most of which were owed by the same government.