Information reaching our desk indicates that Smile Telecom is closing business in Uganda.

Apparently smile is in a dire financial situation amid a competitive industry with old guards like MTN and Airtel giving no room to smaller players like it to grow.

Smile has also struggled to go beyond the Kampala metropolis where it maintains most of its clientele and also build capacity as its reception is also somewhat sketchy in some parts of the city, though praised at the same time for its consistency where the signal is live, it being one of the things that has kept it afloat.

Last year, the telecom laid off over 50 employees after bleeding a tonne of money to revise its unlimited internet offering.