MTN Uganda Secures $100M Loan for Network Expansion
MTN Uganda secures a 370 billion shilling ($100M) syndicated loan from five banks, including Standard Chartered and Citibank, for network expansion.
MTN Uganda, the largest telecom provider in the East African nation announced that it has secured a 370 billion Ugandan shilling ($100 million) syndicated loan to support its ongoing network expansion efforts, Reuters has reported.
According to the report, the loan, denominated in Uganda’s local currency, was facilitated by a consortium of five banks, including local branches of global financial institutions such as Standard Chartered, Citibank, and Standard Bank.
This funding reportedly aims to bolster MTN Uganda’s infrastructure and enhance regional connectivity.
