Uganda Telecommunications Q2 2020
A far-reaching revision of the telecommunications licensing system in 2020 is expected to reinvigorate the sector,providing greater clarity and confidence to operators, both current and prospective. In our view, the entrance of Lycamobile as anMVNO will be a litmus test for the efficacy of the new legislation's objective to promote consumer choice via the widening of thecompetitive field. We note considerable upside risk to our mobile penetration forecasts - and to Uganda's Risk/Reward Index score -stemming from the more attractive operating and investment environment this regulatory change creates.
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