- MTN yesterday hosted a delegation from the Ministry of ICT and National Guidance spearheaded by the State Minister and the Permanent Secretary for a site visit of its switch and data center in Mutundwe.
- Mutundwe switch and data center is a prime facility that houses MTN data servers and facilitates connection of the telecom’s 15million customers through 2G, 3G and 4G network across the country.
- Government lauded MTN for the investments made in the sector and its efforts towards providing quality services to the public.
Addressing the officials in Mutundwe yesterday, Vanhelleputte,MTN Uganda Chief Executive Officer welcomed and appreciated the State Minister and her delegates for taking the time to tour the site.
“I would like to thank the Government of Uganda for creating an enabling environment for business growth and prosperity through continuous dialogue and collaboration with the private sector with the aim of extending quality services to the entire population,” Vanhelleputte said.
The $256million Mutundwe switch and data center commissioned in 2012, is a prime facility that houses MTN data servers and facilitates connection of the telecom’s 15million customers through 2G, 3G and 4G network across the entire country.
According to Ali Monzer, MTN Uganda’s Chief Technical Information Officer, Mutundwe switch and data center is one of two parent sites owned by MTN through which network signals are transmitted to facilitate calls across the country.
“MTN has six sites distributed across the country including Mutundwe and Mbuya which are the parent sites (brain) of the operations supported by other minor sites in Mbarara, Masindi, Lira and Tororo to enable MTN provide services such as voice calls, data and mobile money,” he said.
Monzer also added: “It is with the support of these sites that the 2550 masts owned by MTN provide 97% population coverage on 2G, 91% coverage on 3G and 61% population coverage on LTE which sums up to 72% land mass coverage.”
In accordance with its licence obligation, MTN will within the next two years further invest in the expansion of land mass coverage beyond 72% to 90%.
Acknowledging the investment made at the site, Hon Ssebugwawo prized MTN’s commitment and efforts in ensuring quality service delivery to the public noting that the telecom plays a pivotal role in bolstering economic growth of the country.
“I would like to take this opportunity to commend MTN for the great work it is doing. I was greatly impressed by the state-of-the-art facilities housed at this data center that have facilitated service provision to the public for so many years,” Hon Ssebugwawo said, committing government’s continued support towards growth of the ICT sector.
The State Minister was reiterated by the Permanent Secretary, Dr Zawedde who said that the investment made by MTN into the telecom sector gives the Ministry assurance and comfort in the potential growth of the communication services in the country.
She also appealed for collaboration and harmonious synchronization amongst the stakeholders to boost digitization of the economy through continual innovation.
About MTN Uganda
MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the NTO licence granted by the UCC. Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices and MTN Mobile Money (which is conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Our services are delivered through a network of 119 077 Mobile Money agents, 200 service stores and 13 main distributors. At end-June 2021, MTN Uganda had 14.9 million subscribers, 8.6 million MoMo users and 4.7 million active data users.
For more information, please contact:
Rhona Arinaitwe
Senior Manager Corporate communication
MTN Uganda Limited announces that it will proceed today with the listing of its 22.4 billion ordinary shares on the Uganda Securities Exchange (USE), with trading commencing immediately.
The listing has received the requisite approvals from the Capital Markets Authority in Uganda and the USE. It follows the successful completion of the largest initial public offering in Uganda’s history, raising a record UGX535 billion from applications for 2.9 billion shares (including incentive shares).
“We are delighted with the successful completion of the offer. It clearly shows the confidence that Ugandans and other investors have in the company, its brand and its strategic intent,” said MTN Uganda Chairman Mr. Charles Mbire.
“We commend all the regulators for their support in our work to become a USE-listed company and to comply in a timely manner with the listing provisions of the national telecommunications operators’ licence,” he added.
MTN Uganda CEO Wim Vanhelleputte was also in a celebratory mood: “Today marks the conclusion of a remarkable journey which has given over 20 000 Ugandans the opportunity to become owners of MTN Uganda.”
“We are particularly proud of our digital m-IPO collaboration with the USE, an African first. More than 93% of the applications were made via the m-IPO platform, with the majority of these investors new market participants,” he added.
The listing reduces the ownership of MTN Group in MTN Uganda from 96% to 83.05%. It is in line with MTN Group’s strategic priority to create shared value, partly through ensuring broad-based ownership in all operating subsidiaries. This aligns with the Ugandan Communications Commission’s new licensing requirement for broad-based ownership by Ugandans, with a compliance deadline of mid-2022.
“With this listing, MTN Uganda becomes the Ugandan stock with the largest market
capitalisation on the USE,” said MTN Group President and CEO Ralph Mupita. “We are very encouraged to have helped facilitate the broadest possible shareholder base in Uganda, with regional participation and in so doing, further developing the equity capital markets in this country.”
About the MTN Uganda
MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the NTO licence granted by the UCC. Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices and MTN Mobile Money (which is conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Our services are delivered through a network of 119,077 Mobile Money agents, 200 service stores and 13 main distributors. At end-June 2021, MTN Uganda had 14.9 million subscribers, 8.6 million MoMo users and 4.7 million active data users.
For more information, please contact:
Rhona Arinaitwe
Senior Manager
Rhona.Arinaitwe@mtn.com
MTN Uganda Limited
MTN Uganda Limited
(A company incorporated in Uganda on 25 February 1998 and converted to a public limited liability company under Registration No. P.498)
RESULTS OF THE INITIAL PUBLIC OFFER OF MTN UGANDA LIMITED
SBG Securities Uganda Limited, in its capacity as Transaction Adviser and Lead Sponsoring Broker, on behalf of MTN Uganda Limited (MTN Uganda or the Company), hereby announces the results of the Initial Public Offer (the Offer) of MTN Uganda. The Offer commenced on 11 October 2021 and closed on 22 November 2021 and was conducted by way of an offer for sale of 4 477 808 848 ordinary shares with a par value of UGX 1 each in the issued share capital of the Company at an offer price of UGX 200 per share.
Results of the Offer:
| Offer Shares | 4 477 808 848 ordinary shares | |
| Number of Offer Shares allocated (Sale Shares and Incentive Shares) | 2 902 003 800 ordinary shares | |
| Total number of Applicants for Offer Shares | 21 394 | |
| Total Offer Proceeds | UGX 535 939 900 000 |
Crediting of Offer Shares to SCD Accounts and Refunds:
All successful Applicants will have their SCD Accounts credited with the number of Offer Shares applied for and allocated to them on 3 December 2021. The number of Offer Shares allocated to successful Applicants will include the corresponding number of Incentive Shares that each individual Applicant is entitled to in accordance with the terms and conditions of the Offer detailed in Section 18 of the Prospectus. Unsuccessful Applicants will be notified individually and will have their Application funds refunded within 14 days from 3 December 2021.
Listing of MTN Uganda and Commencement of Trading:
All the issued shares of MTN Uganda will be listed on the Main Investment Market Segment of the USE (the Listing) on 6 December 2021. In accordance with Rule 32(7) of the USE Listing Rules 2021, the USE has granted a waiver for MTN Uganda to list on the basis of the public float attained in the IPO. Trading in MTN Uganda’s shares on the USE will commence on 6 December 2021 at 9.30 a.m.
Top Ten Shareholders:
Following the Offer and immediately prior to the Listing, the top ten shareholders of MTN Uganda are as follows:
| Shareholder | Number of Issued Shares | Percentage Shareholding | |
| MTN International (Mauritius) Limited | 18 594 809 664 | 83.05% | |
| National Social Security Fund | 1 980 000 000 | 8.84% | |
| Charles Mbire | 892 230 775 | 3.99% | |
| National Social Security Fund – Sanlam | 58 590 000 | 0.26% | |
| Bank of Uganda Defined Benefits Scheme – Sanlam | 42 000 000 | 0.19% | |
| National Social Security Fund (Kenya) – Sanlam | 39 180 225 | 0.18% | |
| Duet Africa Opportunities Master Fund IC | 30 000 000 | 0.13% | |
| EFG Hermes Oman LLC | 26 855 500 | 0.12% | |
| First Rand Bank Limited | 22 000 000 | 0.10% | |
| Uganda Revenue Authority Staff Benefit Scheme – Sanlam | 18 900 000 | 0.08% | |
| Other shareholders | 684 478 075 | 3.06% | |
| Total | 22 389 044 239 | 100% |
Continuing Shareholder and Investor Education
MTN Uganda has created a web-based hub to provide continuing shareholder and investor education after the Listing. Additional information may be obtained at: https://www.mtn.co.ug/investors.
Transaction Adviser and Lead Sponsoring Broker
Legal Adviser
• MTN corporate and business customers now get more minutes and data at the same price with the MTN Super bundle.
• Dial *160*60# to get started with the most reliable and affordable voice and data deals to keep in touch with your clients, employees, colleagues, friends, and family.
• Choose from our 3-day, 14-day and 30-day voice and data packages according to your needs.
MTN Uganda has improved the voice minutes and MBs with the new MTN Super Bundles package to give its corporate and business customers more value for their money as they go about their business. This is, in line with the company’s vision of delivering the benefits of a modern connected world to its customers.
Available in 3-day, 14-day and 30-day voice and data packages, the MTN Super bundles now come with even more voice minutes and more data MBs for the same price hence allowing customers to do more with the MTN Super Bundles at no extra cost.
Prospective clients can enjoy the best deals on the most reliable and affordable voice and data by subscribing to the MTN Super Bundles through dialing *160*60# to get started.
Commenting about the improved super bundles offer, Somdev Sen, the MTN Uganda Chief Marketing Officer said that:
“Our target clients for the MTN super bundles are in the prime years of their lives. They are shaping their dreams, building businesses, looking for prospective clients, upgrading their education, making meaningful social capital among other things. To do that, they need stable, reliable, and affordable voice and data which the MTN super bundles deliver,” said Somdev.
“The MTN Super bundles really work for anyone juggling the hustle, family and friends. I encourage anyone with any business, whether corporate, trading and school to try out this offer that has been tailor made for them with the intention of giving them more value to enable them to get to the top,” Somdev said.
Below are the MTN Super Bundles Packages:
| Validity | Minutes (MTN to MTN) | Data | Price (UGX) |
| 3 days | 35 | 500MB | 4,500 |
| 14 days | 750 | 1GB | 20,000 |
| 30 days | 1200 | 6GB | 40,000 |
MTN alongside its lead stockbrokers has today made a final call to the members of the public who wish to apply for the company’s shares to do so ahead of the closure of its Initial Public Offering that is only three days away.
This last call was made by the MTN Chief Executive Officer, Wim Vanhelleputte and the SBG Chief Executive Officer, Joram Ongura in a press conference held today at the Kampala Serena Conference Center.
The MTN Initial Public Offer (IPO) was opened on 11th October 2021 and will close in three days’ time on Monday 22nd November 2021. The secondary sale of 4.5 billion shares by the MTN is at an offer price of UGX200 per share with 500 shares being the minimum number of shares an individual can apply for, an implication that one can become an MTN shareholder for as low as UGX100,000.
As the first ever paperless IPO, MTN subscribers are afforded the convenience of opening their SCD accounts as well as applying for shares using their mobile phones through the MyMTN app or by simply dialing *165*65# and following prompts. Traditional payment channels are also be available across Uganda at Stanbic Bank, Absa Bank and Standard Chartered Bank branches and authorized selling agents.
Individual investors who apply through the mIPO platform will receive 10 bonus shares for every 100 shares allocated to them while those who use the traditional application channels will get 5 bonus shares for every 100 shares allocated to them.
Wim Vanhelleputte said that within the period, over 60,000 individuals have opened Securities Central Depository (SCD) accounts.
“This is a great success because it has more than doubled the number of SCD account holders in a few weeks’ time,”
Vanhelleputte further noted that upon the request from their customers, the daily limit that one can apply for shares has been increased to 20 million shillings up from 5million shillings.
“This implies that starting today, our existing SCD account holders can apply for shares of up to 20 million shillings per day,” Vanhelleputte said.
During the six-week period of the MTN IPO, the company alongside its stock brokers held over 300 townhalls and a series of media engagements across the country in a bid to sensitize masses about the offer as a way of giving everyone in Uganda an opportunity to become a part owner of the biggest company in the country.
The initiative to publicly list the company is in line with MTN Group’s localisation agenda and also in fulfilment of the requirements of MTN’s second national operator license issued by Uganda Communications Commission in 2020 in accordance with the national broadband policy of 2018.
In line with the above policy, MTN also committed to investing 3million USD in Uganda’s telecom sector over the next three years.
Upon successful completion of the offer period which ends on Monday 22nd November, 2021, MTN will allocate shares with priority given to Ugandans as it ushers the company onto the main investment market segment of the USE, fulfilling its license requirement of listing by June 2022.
“As management, we are committed to deliver the growth of the company so that potential investors and share holders get their returns. To the members of the public who are interested in the offer, it is still valid for three days until Monday 22nd November 2021 at 4pm,” Vanhelleputte concluded.
About MTN Uganda
MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the NTO licence granted by the UCC. Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices and MTN Mobile Money (which is conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Our services are delivered through a network of 119 077 Mobile Money agents, 200 service stores and 13 main distributors. At end-June 2021, MTN Uganda had 14.9 million subscribers, 8.6 million MoMo users and 4.7 million active data users.
For more information, please contact:
Rhona Arinaitwe
Senior Manager Corporate communication
- MTN Uganda has increased Senkyu points for withdrawing mobile money at agent location to 15 points for every UGX 100 charged in withdrawal fees.
- During this promotion, MTN MoMo customers will be able to send money to other MoMo customers for free when they use the MTN MoMo app.
- The MTN MoMo offer promotion which takes effect on 15th November will last two months.
MTN Mobile Money Ltd has increased the number of Senkyu points a customer gets to 15 points for every UGX 100 charged in MoMo withdrawal fees. The points are given on the withdrawal fees that the customer is charged i.e., for every 100/- a customer is charged they receive 15 Senkyu points.
In addition, sending money between MTN MoMo customers on the MTN MoMo app has been made free, during the promotion that will go on till early 2022.
MTN Senkyu is a customer loyalty initiative aimed at rewarding customers who use MTN services. Once a customer dial *141# and joins the Senkyu program, they start receiving points for using MTN services including loading airtime and bundles, making calls, sending messages, using data and MTN MoMo services such as sending money, making payments, depositing, and withdrawing at a mobile money agent.
While making the announcement, Stephen Mutana, the Ag. Chief Executive Officer MTN Mobile Money Uganda Limited said the promotion’s objective MTN is to reward its customers who ardently use its services.
“As we draw closer to the end of the year, we want to recognize and appreciate our customers who have continuously used MTN services. That is why we want to reward them with loyalty points that can be used to enjoy more of those services,” Mutana explained.
Mutana said the decision is informed by the increased person to person transactions over the last two years.
According to recent statistics from Bank of Uganda, person to person transaction values have grown from UGX1.1trillion in January 2021 to UGX1.4 trillion in June 2021.
He further explained that the promotional offer serves to drive affordability of cashless transactions with the aim of boosting financial inclusion across the country.
“We at MTN believe that through initiatives such as this one, we can increase financial inclusion which is necessary because each and every single person deserves access to mobile financial services,” he noted.
Mobile money is currently the biggest contributor to financial inclusion in the country, standing at 78% according to the Finscope survey of 2018.
This promotion is yet another effort by MTN to drive affordability of mobile financial services for its customers following a reduction in withdrawal rates earlier in May this year.
The new MTN Senkyu points on MoMo withdrawals are here.
Kenya’s Capital Markets Authority (CMAK) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and Retail Investors following the opening of the offer in Uganda on 11th October 2021.
The marketing in Kenya is spearheaded by SBG Securities, and Dyer and Blair, both of whom are licensed market intermediaries in Kenya, working in collaboration with their respective affiliates in Uganda. SBG Securities Uganda Limited is the Transaction Advisor and Lead Sponsoring Broker for the MTN Uganda IPO and will be collaborating with SBG Securities Limited (Kenya) to market the IPO in Kenya.
The MTN Uganda IPO offers for sale 4.4 billion ordinary shares, accounting for a 20 percent stake of the company, at a price of UGX 200.00 per share. Each prospective shareholder must apply for at least 500 shares, which, if fully allocated, results in a minimum investment of UGX 100,000 per shareholder.
Kenyan investors will require a valid identification national ID or passport to open a Securities Central Depository (SCD) account at the Uganda Securities Exchange (USE) to apply for the MTN Uganda IPO. All East Africans who apply for shares, will receive 5 bonus shares for every 100 shares they are allocated. The MTN Uganda IPO will close on Monday 22nd November 2021 at 4pm EAT.
As the first telecommunications company to list on the Uganda Securities Exchange, MTN’s offer will contribute towards deepening the Ugandan and East African’s capital markets by enhancing public access to the growing stock market.
Speaking to analysts and the media about the offer, MTN Uganda Chief Executive Officer Wim Vanhelleputte said that the decision to float shares on the stock market, is part of MTN’s localization agenda aimed at aligning its company’s priorities more closely with the development agendas of its operating markets, in particular and the African continent, as enshrined in the MTN Ambition 2025 strategy.
“The decision to list MTN on the Uganda Securities Exchange is in line with our localization agenda aimed at prioritizing local investors with the goal of giving Ugandans and indeed East Africans the opportunity to own part of the company,” said Vanhelleputte, adding that Uganda is the fourth MTN operating market to get listed in Africa.
“During MTN’s 23 years in Uganda, we have grown tremendously, thanks to the enabling environment availed by the Government of Uganda as well as the unwavering support and trust of the people of Uganda and East Africa as a whole. We look forward to welcoming Ugandan and indeed East African retail investors as part-owners of a company that we have collectively built and that we’ll continue to grow together,” Vanhelleputte said.
Gregory Waweru, the Head of SBG Securities Kenya added that: “We welcome the opportunity to formally market the MTN Uganda IPO in Kenya, which sets a precedent in our capital market for Kenyan investors to participate in a regional cross-border offering within a structured framework. We are delighted to be part of this process, which underscores our commitment to drive the growth and development of investment opportunities available to Kenyan investors.”
MTN Uganda IPO prospectus approved by the Uganda Capital Markets Authority is available at www.mtn.co.ug/investors .
Kindly contact SBG Securities or Dyer & Blair in case of any queries:
| SBG Securities Limited
2nd Floor, Stanbic Centre, Westlands Road, Nairobi Tel: +254 (0)20 363 8900 /+254 (0)704 441 441/ +254 (0)739 441 441 Email: sbgs@stanbic.com
|
Dyer & Blair Investment Bank
7th Floor, Goodman Tower Off Waiyaki Way, Nairobi Tel: +254 (0) 709 930 000 Email: shares@dyerandblair.com |
About the MTN Group
Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our 240 million customers in 21 countries in Africa and the Middle East. We are inspired by our belief that everyone deserves the benefits of a modern connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code “MTN”. We are pursuing our Ambition 2021 strategy with a major focus on growth in data, fintech and digital businesses.
About MTN Uganda
MTN Uganda is a leading telecommunications company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) license granted by the Uganda Communications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices and MTN Mobile Money (through its subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Our services are delivered through a network of 119,077 Mobile Money agents, 200 service stores and 13 main distributors. At end of June 2021, MTN Uganda had 14.9 million subscribers, 8.6 million MoMo users and 4.7 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and
www.twitter.com/mtnug or www.twitter.com/mtnugpro for assistance.
For more information, please contact:
- MTN Uganda has today launched a promotion that will see YOTV subscribers stand a chance to win lots of amazing prizes whenever they buy any of the subscription packages.
- In this promotion, 30 winners will be rewarded every month with gifts including shopping vouchers and dope YOTV branded merchandise. New customers can also download the YOTV Channels application to enjoy a 30-day free trial with access to 500 movies and series at no cost.
- The promotion is valid till 31st January 2022.
MTN Uganda has today launched a promotion that will see YOTV subscribers win lots of amazing prizes whenever they subscribe to either an hourly, daily, weekly, or monthly subscription.
With over 50 channels, YOTVChannels platform created by Albayan Media Limited is a mobile application available on iOS and Android, which allows users to stream TV or radio on their phones. The platform is convenient and has a unique catch-up feature that allows users to pause, rewind and record programs for up to 24 hours.
Speaking at the launch of the promotion in Kampala today, Mavis Ndagire Musungu, MTN Uganda GTM Digital Specialist said that the promotion runs till January 31st, 2022.
“In this promotion, we shall have 30 monthly winners take home gifts such as shopping vouchers and cool YOTV branded merchandise. Customers stand a chance to win these gifts by subscribing to the different packages that enable them to access YOTV channels app content. The packages include an hourly subscription at only UGX 500, a day’s subscription at only UGX 1,000 as well as a weekly offer at only UGX 2,500 and a monthly offer that goes for only UGX 10,000. All offers include streaming data which means that customer doesn’t spend any of their data bundles” Musungu said.
She further noted that the promotion is timely as we slowly advance towards the festive season characterized by merrymaking and family time which require lots of fun and entertainment.
“Through this promotion, MTN is giving its customers an early Christmas in recognition of their support throughout the year and in turn promoting local content which is housed on the YOTV Channel mobile app,” Musungu said.
She also urged customers who haven’t yet signed up, to download the YOTVChannels application and enjoy a 30-day free trial with access to over 500 movies and series at no cost.
How to get started on YOTVChannels:
- Go to an Android or iOS app store and download the YOTVChannels APP
- Enter your MTN mobile number to register.
- You will receive a PIN on the mobile number you used when registering.
- Enter the PIN to complete your set-up.
- You will then have a free 30 days’ viewing experience on YOTVChannels inclusive of data for streaming.
- At the expiry of the 30 days, you can then select a subscription plan that suits your needs.
Subscription Plans:
| Subscription offer (Data inclusive) | Price (UGX) |
| Hourly | 500 |
| Weekly | 2,500 |
| Daily | 1,000 |
| Monthly | 10,000 |
Uganda’s longest running awards return this December 19th for the 15th year running.
Buzz Events the organizers of the awards have today released a list of categories for this year’s awards and that has marked the start of the nomination process.
The awards supported by MTN Pulse retain their purpose of being a voice for Uganda’s youth. The nominations and voting is limited to youth 20 years and younger. Through their voice, Buzz Teenz Awards, the teenagers celebrate their peers, idols and businesses that influence them in positive ways on top of rich entertainment value.
Nominations are now open on www.vote.buzzteenz.com and will close on the 19th of November. The 4 most nominated personalities/ entities in each category will be announced on the 19th Nov to move on to the voting phase. Voting will start on 20th November leading to the grand finale on 19th of December.
A total of 20 categories have been released and there’s been some notable new categories to this year’s edition.
NXT Big Thing:
This is a category to shine a light on talent that hasn’t broken out yet but already recognized by their peers. This category is different from Break out star. NXT Big Thing is that one who is looking for a big break but they have traction just waiting for their big break.
TikToker:
We can’t ignore the growth of TikTok and teenage content creators who have built massive audiences and engagement. There’s already been debate of who is the hottest TikToker and what better way to settle this argument than put it to a BTA vote.
TikTok Sound:
Again TikTok has been a major force with music during the pandemic and several artists have blessed us with different challenges to their sound. It’s time to nominate which TikTok song challenge I rocked for you.
Buzz Teenz Award 2021 finale will stream live Sunday 19th December on Magic 1 TV and on social media via buzzteenz Facebook page and mtn YouTube channel at 2pm.
Brought to you by MTN Pulse and Buzz Teenz.
Buzz Teenz Awards 2021 Categories
- Teenz Artist of the Year
- Teenz Male Artist
- Teenz Female Artist
- Teenz Hottest Song Writer
- Teenz Next Big Thing
- Teenz Breakout Artist
- Teenz Song of the Year
- Teenz Flyest Video
- Teenz Hottest Collabo
- Teenz Gospel Song
- Teenz Hottest TikToker
- Teenz Hottest Radio Station
- Teenz Hottest Radio Program
- Teenz TV Station
- Teenz Hottest TV Personality
- Teenz TV Show
- Teenz Fashion Star
- Teenz Hottest DJ
- Teenz Hottest Audio Producer
- Teenz TikTok Sound of the year
- Teenz Cultural Icon By Reach A Hand Uganda
MTN Uganda alongside senior broker representatives from SBG Securities and Crested capital have today kickstarted a nationwide MTN IPO awareness tour aimed at creating awareness and providing vital information about the MTN offer of shares and the stock market to communities across Uganda. This is in a bid to equip the public with necessary information to enable them to participate in the on-going MTN IPO.
The MTN IPO nationwide awareness tour is part of MTN’s broader “Uganda is Home” campaign through which MTN is seeking to further deepen its roots across the country by offering Ugandans ownership in one of the country’s largest companies.
In attendance was the Jinja Municipality RDC, Elijah Madoyi who commended MTN for extending the IPO sensitization to the people of Jinja.
The initiative to take the IPO closer to the people follows MTN’s announcement of the intention to list 20% (4.5 billion shares) of its ordinary shares and the subsequent opening of the offer on Monday 11 October 2021, after approvals by the Capital Markets Authority of Uganda. The offer will close on Monday 22 November 2021.
MTN is offering shares at UGX 200 per share with a minimum order quantity of 500 shares which means Ugandans can become shareholders in MTN Uganda with an investment of as low as UGX 100,000. This affordable offer of shares by MTN coupled with the incentives is aimed at democratizing the capital market and making it as easy as possible to apply for shares through MTN MoMo.
While conducting the first townhall at the Source of the Nile Hotel today, Wim Vanhelleputte the MTN CEO said that the on-going MTN IPO is aimed at giving all Ugandans an opportunity to become part owners of the country’s leading telecommunications and mobile money operator and, in doing so, help democratize and bolster Uganda’s capital market.
“The MTN IPO is a people’s IPO. It is mostly targeting Ugandan individual investors, giving every Ugandan a chance to own a stake in MTN Uganda for as low as UGX100,000. MTN has also made the process of application (for shares) easy and affordable through MTN MoMo,” Vanhelleputte said. Applications for shares using MTN MoMo is free of any extra charges.
Vanhelleputte also noted that to further drive more participation by Ugandans, the IPO has special incentives for Ugandans who apply: “All Ugandan individuals applying for MTN Shares through MTN MoMo (via USSD or MyMTN app) will receive an incentive of 10 bonus shares for every 100 shares applied for. Individuals applying for shares using other methods like Uganda Securities Exchange (USE) portal or paper applications will also get an incentive of 5 bonus shares for every 100 shares they apply. In case of over subscription of MTN IPO, Ugandan individuals will be considered first.”
MTN and the brokers will hold over 300 meetings across all the districts countrywide to sensitize the public about the opportunity to own shares in the company.
Following similar engagements held in Kampala over the last two weeks, the regional town halls kicked off today with public engagements in Jinja, Mityana, Lyantonde, Apac, Lugazi and Mukono. Tomorrow, the teams will conduct similar sessions in Mbarara, Lira, Mubende, Gayaza and Kayunga before proceeding to even more towns across the country. The MTN IPO awareness tour will cover the districts of Jinja, Kamuli, Iganga, Busia, Tororo, Mbale, Kapchorwa, Moroto, Soroti, Kumi and Pallisa, Apac, Lira, Gulu, Kitgum, Adjumani, Moyo, Arua, Nebbi, Koboko, Wakiso, Mukono, Kayunga, Bombo, Luwero, Mpigi, Sembabule, Kalisizo, Masaka, Kalangala, Entebbe, Mityana, Mubende, Fortportal, Kasese, Kyenjojo, Hoima, Kiboga, Masindi, Kigumba, Bweyale, Lyantonde, Mbarara, Bushenyi, Ishaka, Kiruhura, Ibanda, Kabale, Kisoro and Ntungamo among others