Picture taken January 26, 2019. REUTERS/Thomas Mukoya/File Photo KAMPALA: MTN Uganda, the east African country's largest telecoms company, said on Tuesday it had secured a 370 billion shilling ($ ...

A continued thirst for telecoms stocks has seen a bullish run of MTN on the Uganda Securities Exchange (USE), earning investors some 71 percent appreciation in value in the past half year.

MTN Nigeria has renewed its spectrum band licence (referred to as Channel 1) in Nigeria for an extra ten years, effective from the start of this year.

MTN Uganda MTNU.UG, the east African country's largest telecoms company, said on Tuesday it had secured a 370 billion shilling ($100 million) syndicated loan to help fund network expansion.

The Chief Executive of MTN Nigeria, Karl Toriola, has said the telecommunications firm has sent a proposal to the Nigerian Communications Commission for a 100 percent service tariff increase.

South African-owned mobile telecommunications provider, MTN Group announced that it has concluded the sale of its Guinea operations to the State of Guinea, marking its final exit from the market.

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