European Investment of US$40 Million in TowerCo Set to Fuel Rural Telecom Expansion in Uganda

In a landmark initiative, TowerCo of Africa Uganda has secured US$40 million in long-term financing from European development finance partners. The European Investment Bank, the Development Bank of Austria (OeEB), and the Belgian Investment Company for Developing Countries (BIO) have come together to support this venture, aiming to significantly improve mobile phone network coverage in…

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