Uganda’s telecom companies posted gross revenue of Shs1.12 trillion recorded between January and March 2021 despite the slow economic activity occasioned by Covid-19, a latest report shows.

The report published by Uganda Communications Commission (UCC) on Wednesday, 14 July 2021, shows that in the 1st quarter of 2021 (January- March), telecom companies posted Shs1.12 trillion, a 7% increase in gross revenue compared to the first quarter of 2020 when the revenue stood at Shs1.05 trillion.

However, the Shs1.12 trillion revenue for January to March 2021 is a drop from the previous record quarterly performance of UGX 1.14 trillion in December 2020.

However, the report does not state the specific companies and what they posted.

Telecom companies in Uganda provide calls, SMS, Internet and Mobile money services.

In the mobile network space, the highlight of the quarter was the award of the third National Telecom Operator license to Tangerine Ltd, trading as LycaMobile Uganda, on 24th March 2021. The provisional license permitted LycaMobile to deploy national telecommunications infrastructure and provide licensed telecommunications services across all the regional license zones defined by the licensor.

Responding to concerns about expiring data, MTN Uganda became the first provider to launch non-expiring bundles under its flagship 4G Freedom at the end of the first quarter of 2021. This set the tone for an industry-wide review of bundle validity terms, as Smile Telecom introduced its Data King Bundle of 115 GBs while LycaMobile maintained its flagship 100 GB and 50 GB bundles.