Company: MTN Uganda
Country: Uganda
Sector: Telecommunications
CEO: Sylvia Mulinge
Website: https://www.mtn.co.ug/
Careers Page: https://www.mtn.co.ug/about-mtn/careers/
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Kampala, Uganda
Founded: Not publicly listed
Valuation/Revenue: $788.6m revenue / $978.4m market value (African Business Top 250, 2025); record Ush1.9tn EBITDA reported for FY2025
MTN Uganda is the country’s largest mobile network operator, providing voice, data and mobile money (MTN MoMo) services to millions of Ugandan subscribers. It is majority owned by South Africa’s MTN Group and listed on the Uganda Securities Exchange, making it one of Uganda’s largest and most actively traded public companies.
What Does MTN Uganda Do?
MTN Uganda operates Uganda’s leading mobile telecommunications network, offering prepaid and postpaid voice and data services, 4G (and expanding 5G) mobile broadband, and its widely used MTN Mobile Money (MoMo) fintech platform, which has become a core part of everyday commerce, remittances and bill payments across Uganda. The company also provides enterprise connectivity, fixed wireless broadband and digital services to businesses and government. Mobile money and data have become increasingly important profit drivers for the business alongside traditional voice revenue.
Is MTN Uganda Legit?
Yes. MTN Uganda is a publicly listed company on the Uganda Securities Exchange, subject to Uganda Communications Commission regulation and Bank of Uganda oversight for its mobile money operations, and it publishes audited annual and interim financial statements as a listed issuer.
How Big Is MTN Uganda?
African Business’s Top 250 Companies in Africa (2025) recorded MTN Uganda’s revenue at approximately $788.6 million with a market value of about $978.4 million. More recent reporting shows continued growth: MTN Uganda posted a record EBITDA of roughly Ush1.9 trillion for 2025, driven by strong data and fintech (MoMo) growth, with net profit of around Ush678 billion for the year and a raised dividend per share, reflecting the maturing profitability of its mobile money business alongside its core network operations.
Who Is the CEO of MTN Uganda?
Sylvia Mulinge is the Chief Executive Officer of MTN Uganda, having moved into the role after a prior career at MTN Group in senior consumer business leadership positions. Mulinge has spoken publicly about MTN’s long-term commitment to Uganda, emphasising continued network and fintech investment in the market.
Who Owns MTN Uganda?
MTN Uganda is majority owned by South Africa’s MTN Group, one of Africa’s largest telecommunications operators, with a significant minority stake held by Uganda’s National Social Security Fund (NSSF) and other Ugandan and international investors following MTN Uganda’s 2021 initial public offering on the Uganda Securities Exchange, which was partly driven by regulatory requirements for local listing.
Where Is MTN Uganda Headquartered?
MTN Uganda’s head office is in Kampala, Uganda, with retail and service centres and network infrastructure spanning the country’s regions.
How Does MTN Uganda Compare to Its Competitors?
MTN Uganda’s main rival is Airtel Uganda, the country’s second-largest mobile operator and also a fintech (Airtel Money) provider; the two operators have competed intensely on data pricing, network coverage and mobile money agent networks. Uganda Telecom and smaller players hold much smaller market shares. MTN has generally maintained the largest subscriber base and mobile money transaction volumes in the Ugandan market.
What Has MTN Uganda Been in the News For Recently?
MTN Uganda has been in Ugandan and regional business press for its strong FY2025 financial results, including record EBITDA, growing dividends to shareholders, and continued expansion of its 4G/5G network and mobile money ecosystem. The company has also featured in ongoing commentary about Uganda’s digital economy and fintech regulation as mobile money transaction volumes and government tax policy on mobile money continue to shape the sector.
Is MTN Uganda Publicly Traded?
Yes. MTN Uganda listed on the Uganda Securities Exchange in December 2021 through a landmark initial public offering that was, at the time, one of the largest IPOs in Uganda’s history, partly driven by regulatory requirements under Uganda’s national telecom licensing framework that mandated local listing of major operators. The listing gave Ugandan retail and institutional investors, including the National Social Security Fund (NSSF), direct equity access to one of the country’s most profitable companies, and MTN Uganda has since become one of the most actively traded and closely followed stocks on the Ugandan exchange.
Links
Website: https://www.mtn.co.ug/
Careers Page: https://www.mtn.co.ug/about-mtn/careers/
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is MTN Uganda a public company?
Yes, it is listed on the Uganda Securities Exchange, with MTN Group of South Africa as majority shareholder.
Who is the CEO of MTN Uganda?
Sylvia Mulinge.
Who owns MTN Uganda?
MTN Group holds the majority stake, with Uganda’s NSSF and public shareholders holding the remainder following the 2021 IPO.
What services does MTN Uganda offer?
Mobile voice and data, 4G/5G broadband, and MTN Mobile Money (MoMo) fintech services.
Where is MTN Uganda based?
Kampala, Uganda.
Who is MTN Uganda’s biggest competitor?
Airtel Uganda is its main rival in both telecom and mobile money services.