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The sale of a 20 per cent equity stake in MTN Uganda, the East African nation’s biggest telecoms operator, will be restricted to citizens of the East African Community trading bloc, a spokesman for the sector regulator told Reuters on Friday.
The government is forcing all its telecom operators, including MTN Uganda and the local unit of India’s Bharti Airtel,, to list a fifth of their shares on the local bourse to allow locals to benefit from the sector’s profits.
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