Telecom operators want the National Payment Systems Bill, 2019 to
provide leniency in insolvency proceedings where the Central Bank may
revoke or suspend a licence of a company in financial stress.
to the Acting Chief Legal Counsel at Uganda Telecom (UTL) Prossy
Kembabazi, revocation of a licence should be limited to a company that
goes into liquidation.
“Before revoking a licence, the Central
Bank should notify the operator stating reasons for intended revocation
and invite the operator to show cause why the licence or approval should
not be revoked within 14 days,” Kembabazi said.
proposal was re-echoed by Airtel Uganda’s Legal and Regulatory
Director, Dennis Abigaba Kakonge who said that with fair hearing, the
licensee would have an opportunity to appe...