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K2 Telecom

For other uses, see K2 (disambiguation).

K2 Telecom
Company typePrivate
IndustryTelecommunications
Founded2013; 12 years ago (2013)
HeadquartersRing Road, Katwe, Kampala Uganda
Key people
Arthur Mawanda Sekamanya
Chief Executive Officer[1]
Services
Websitewww.k2telecom.ug

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]

History

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]

See also

References

  1. ^ The Uganda Today (31 May 2018). "URA Temporarily Shuts Down K2 Telecom Over UGX95.8 Million in Debts". Kampala: TheUgandaToday.Com. Retrieved 29 July 2018.
  2. ^ a b Moses Kaketo (23 November 2015). "Is K2 Telecom on Life Support? Why the Telecom May Soon Close Shop". Kampala: Big Eye Uganda. Retrieved 29 July 2018.
  3. ^ Twaha, Ali (30 May 2018). "URA Shuts Down K2 Telecom Over Sh94 Million Debt". New Vision. Kampala. Retrieved 29 June 2018.
  4. ^ Tamale, Raymond (27 July 2018). "Airtel Uganda takes over K2 Telecom subscribers". The EastAfrican. Nairobi. Retrieved 29 July 2018.
  5. ^ Kasemiire, Christine (30 July 2018). "K2 Ditches 0730 Code for 0708". Daily Monitor. Kampala. Retrieved 30 July 2018.



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