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Smart Telecom (Uganda)
Smart Telecom (Uganda) was a private telecommunications company in Uganda, operating from 2014 to August 31, 2021. Headquartered in Kampala, it offered low-cost mobile voice and 3G data services, primarily targeting price-sensitive urban customers. Owned by Industrial Promotion Services (IPS), a subsidiary of the Aga Khan Fund for Economic Development (AKFED), Smart Telecom struggled to compete with MTN Uganda and Airtel Uganda, exiting due to financial losses and increased challenges during the COVID-19 pandemic. History Smart Telecom (Uganda) launched in March 2014 as the fifth mobile network operator in Uganda, after acquiring Sure Telecom’s license in 2013. Backed by AKFED’s IPS, it entered a market dominated by MTN and Airtel, offering a flat call rate of UGX 74 for any duration, the lowest in Uganda at the time. By 2015, Smart Telecom claimed a regional customer base of approximately 1 million, likely including Tanzania, though Ugandan numbers were smaller. Declining ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |