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Uganda bourse mulls Airtel listing while MTN share price plunges on investor exits

Uganda Securities Exchange

Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year. PHOTO | COURTESY 

By  Kabona Esiara

Correspondent

Nation Media Group

Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year.

MTN Uganda’s market value has plunged weeks after it started trading but Uganda Capital Markets Authority (CMA) Chief Executive Keith Kalyegira said the two telecoms have different fundamentals.

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