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Smart Telecom (Uganda)
Smart Telecom (Uganda) was a private telecommunications company in Uganda, operating from 2014 to August 31, 2021. Headquartered in Kampala, it offered low-cost mobile voice and 3G data services, primarily targeting price-sensitive urban customers. Owned by Industrial Promotion Services (IPS), a subsidiary of the Aga Khan Fund for Economic Development (AKFED), Smart Telecom struggled to compete with MTN Uganda and Airtel Uganda, exiting due to financial losses and increased challenges during the COVID-19 pandemic. History Smart Telecom (Uganda) launched in March 2014 as the fifth mobile network operator in Uganda, after acquiring Sure Telecom’s license in 2013. Backed by AKFED’s IPS, it entered a market dominated by MTN and Airtel, offering a flat call rate of UGX 74 for any duration, the lowest in Uganda at the time. By 2015, Smart Telecom claimed a regional customer base of approximately 1 million, likely including Tanzania, though Ugandan numbers were smaller. Declining ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Mobile Network Operators In Uganda
This is a list of mobile network operators in Uganda: * MTN Uganda * Airtel Uganda *Talkio Mobile * UTel * Hamilton Telecom * Lycamobile Uganda * Roke Telkom Uganda Note: K2 Telecom operates as a component of Airtel Uganda. Customer base , there were an estimated 20.4 million mobile subscribers out of an estimated population of 39.6 million; a 51.5 percent penetration rate. By March 2018, the number of mobile phone users had increased to 24.8 million, a 70.9 percent penetration rate. As of June 2020, the number of mobile telephone customers were estimated at 25.5 million, as reported by the Daily Monitor newspaper. That figure had increased to 26.5 million at the end of September 2020. As of 31 March 2017, Uganda had the 18th highest Internet usage rate in Africa (out of 58 countries). The country had 13,023,114 Internet users out of a population of 41,652,938, bringing the Internet penetration rate to 31.3 percent. As of September 2020, Uganda recorded 20.1 million Intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Established In 2014
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |