Telecom companies may be forced to sell shares to the public

Cabinet will next week discuss a framework that could see compulsory Listing on the Stock market by Telecom companies whose current turnover is worth 3.62 Trillion shillings, according to statistics of the Uganda Communications Commission. Finance Minister Matia Kasaija, says that the Cabinet Memo will be up for discussion in the 1st week of June. Similar actions have taken place in Ghana and Nigeria where MTN is scheduled to list on the stock exchanges of those countries. Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our Facebook page http://www.facebook.com/NTVUganda