UNHAPPY ENDING: List of companies, owed by Uganda Telecom that won’t get a coin from the telco’s assets sale and transfer to UTCL According to the Auditor General’s report into the under-administration Uganda Telecom, as of 30th June 2021, the telco was indebted to the tune of UGX 668 billion in verified, yet-to-be verified and under-litigation court debts. Upon realizing the company couldn’t run as a going concern, a decision was reached to sell its assets to Uganda Telecommunication Corporation Limited (UTCL), a newly formed government-owned company. The assets were sold for UGX256,892,142,642 and USD15,643,151.25—altogether about UGX316.4 billion.