By Ibrahim a Manzil
Government’s desperate efforts last week to save the troubled Uganda Telecom Limited could be watered down today in a make or break meeting with creditors.
The official government receiver and provisional administrator Bemanya Twebaze said the creditors “will be required to decide whether the administration should continue or the company goes into liquidation or winding up”.
A statement issued by Mr Twebaze further siad, “Winding up is a formal process by which the life of a company is brought to an end.”
The Wednesday meeting will also decide on the fate of hundreds of employees who are set to flock the streets in a new wild-goose-chase-like job hunt.
“This (liquidation) would involve…
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