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
External links
References
- The Uganda Today. URA Temporarily Shuts Down K2 Telecom Over UGX95.8 Million in Debts TheUgandaToday.Com, 31 May 2018, retrieved 29 July 2018^
- Moses Kaketo. Is K2 Telecom on Life Support? Why the Telecom May Soon Close Shop Big Eye Uganda, 23 November 2015, retrieved 29 July 2018^
- Ali Twaha. URA Shuts Down K2 Telecom Over Sh94 Million Debt New Vision, 30 May 2018, retrieved 29 June 2018^
- Raymond Tamale. Airtel Uganda takes over K2 Telecom subscribers The EastAfrican, 27 July 2018, retrieved 29 July 2018^
- Christine Kasemiire. K2 Ditches 0730 Code for 0708 Daily Monitor, 30 July 2018, retrieved 30 July 2018^