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Author: Admin | 2025-04-27
Motsumi told parliament that the cabinet has taken a decision regarding the privatization structure of BTC and the information will be communicated with all stakeholders soon. Lesego Motsumi stated that the aim of the privatization was to minimize risks, and get maximum benefits. She added that the government had to carry out extensive consultations before going ahead with the plans.[8]BTCL listed on the Botswana Stock Exchange on 8 April 2016 at P1 per share and total valuation of P1.05 billion (1.05 billion shares). The listing was muchly awaited and was oversubscribed but individual citizen were given preference over company. The shares were allocated 51% to the government of Botswana, 5% to employees of BTCL and 44% to Batswana and Botswana companies. The shares were largely restricted for the benefit of Batswana and are traded among Batswana and companies benefiting for Batswana e.g. funds managers.[9]The share price spiked on listing and continued its to rise to high of P1.30 per share then subsequently declined upon announcements of financial year results of a P371 million loss. The share is currently trading at P0.85 per share 15 September 2016.[citation needed]It was announced that Paul Taylor, who had led BTCL to its transformation and subsequent listing would not have his contract renewed at end of his contract which ended in July 2016. Anthony Masunga was then appointed acting managing director.[10]On 1 November 2012, Botswana Telecommunications Corporation ( BTC ) was converted from a statutory body into a public company limited by shares, in accordance with the Transition Act and Companies Act, and renamed Botswana Telecommunications Corporation Limited.^ "Botswana Telecommunications Corporation Website". Archived from the original on 18 April 2010. Retrieved 20 July 2010.^ "Telecommunications Reform In Botswana: a Policy Model for African States".^ "History of Communication Regulation".^ "Home". BTC. Retrieved 9 May 2024.^ "BSE listings" (PDF).^ "Archived copy" (PDF). Archived from the original (PDF) on 6 July 2011. Retrieved 21 July 2010.{{cite web}}: CS1 maint: archived copy as title (link) . Retrieved 07-13-2010^ "The Botswana Gazette Newspaper". Archived from the original on 8 December 2009. Retrieved 31 July 2010.^ Business Week^ "BTCL listing". Retrieved 15 September 2016.^ "BTCL MD, Paul Taylor leaves after 5 years". Retrieved 14 September 2016.http://www.btc.bw/themes/btc/assets/documents/Final%20BTC%202019%20Annual%20Report.pdfhttps://www.weekendpost.co.bw/20695/business/btc-invests-60-million-pula-to-enhance-internet-speed-quality/
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