Type | Private |
---|---|
Industry | Telecommunications |
Founded | 2013 |
Headquarters | Ring Road, Katwe, Kampala Uganda |
Key people | Arthur Mawanda Sekamanya Chief Executive Officer [1] |
Services |
|
Website | www |
K2 Telecom is a telecommunications network company in Uganda. It was established in January 2013. By November 2015, the company's estimated its number of subscribers at about 200,000. [2]
K2 was launched by Kabaka Ronald Muwenda Mutebi II, on 31 December 2012. The telco needed one million subscribers to break even. However, K2 could not build up the numbers required to stay afloat. [2]
In May 2018, with the phone company owing the Uganda Revenue Authority (URA) USh96 million (US$26,000) in unpaid taxes, URA closed K2 Telecom down. The taxes had accumulated since 2013. [3]
Airtel Uganda took over the 100,000 customers that K2 had left in July 2018. K2 Telecom continued to operate as a "virtual telecom", receiving a royalty on services rendered to its customers. [4] This partnership is expected to continue, at least until calendar year 2019. [5]
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There are a number of systems of communication in Uganda, including a system of telephony, radio and television broadcasts, internet, mail, and several newspapers. The use of phones and the internet in Uganda has rapidly increased in the last few years.
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Uganda Telecom, whose full legal name is Uganda Telecom Limited (UTL), is an information and communication technology network company in Uganda owned by the government of Uganda and currently under receivership due to large debts of about USh 700 billion and mismanagement. UTL was put under receivership after the Libyan company that owned about 69 percent shares left in 2017.
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