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
Buganda Kingdom has a stake in one of the recent entrants in the telecommunication industry K2 Telecom. K2 was launched by Kabaka Ronald Muwenda Mutebi II, on 31 December 2012. The telcom needed one million subscribers to break even. However, K2 could not build up the numbers required to stay afloat.
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.
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. This partnership is expected to continue, at least until calendar year 2019