Last Updated
Friday 31 July 2015, 17:59 pm.
BoFiNet assures lower internet prices

Individual consumers will gradually benefit from the recent reduction in wholesale internet prices in the next two years, as the newly established Botswana Fibre Network (BoFiNet) starts to operate.
By Staff Writer Sun 02 Aug 2015, 02:11 am (GMT +2)
Mmegi Online :: BoFiNet assures lower internet prices








BoFiNet, which houses Botswana Telecommunications Corporation's (BTC) backbone infrastructure under the privatisation process, was established to address wholesale customers' dissatisfaction with current fibre network wholesale offerings and services, which give the parastatal an unfair advantage.

Briefing the media yesterday, BoFiNet acting chief executive Keabetswe Segole said the structural separation exists to allow BTC to focus on downstream offerings. He said BoFiNet will improve the backbone network and wholesale market. "This is expected to improve competitiveness in the downstream telecommunications market and confidence from wholesale customers that BoFiNet acts in their interest," said Segole.

The arrival of BoFiNet on the scene means that internet service providers (ISPs) and telecommunications companies, including BTC, will openly compete for network and bandwidth supply.  Segole said international capacity on both EASSy and WACS as well as unutilised fibre from BTC will be transferred to BoFiNet. He said one of the reasons BoFiNet was introduced is that the wholesale market  in Botswana is generally poorly serviced and the existing fibre infrastructure is underutilised, therefore failing to maximise the investment government has made in the network.

Segole said there is also a potential for alternative revenue

generation for the Botswana government through regional transit services and utilisation of excess capacity on the international assets. He explained that in the next two years there will be a lot of capacity which will result in price reduction. "While BoFiNet sells to wholesalers only, the individual consumers will experience a potential increase in service quality and speed due to the fact that BoFiNet is well equipped to handle the demand," said Segole.  The operation will also improve Internet penetration, which is currently low.

Segole explained that due to the Dense Wavelength Division Multiplexing (DWDM), a new technology developed by BTC, BoFiNet would be able to provide a competitive edge to Internet service providers. The new technology has 24 fibre pairs - each pair carries about 40 wavelengths each running 10 GB per second. Botswana's Internet penetration stands at around 10 percent.  BoFiNet is run by a board of directors appointed by the Minister of Transport and Communications and will start operating by May this year. It  also has the capability to supply other regional countries such as South Africa, Namibia, Zimbabwe and Zambia.



Exchange Rates
FOREIGN EXCHANGE: Friday, 31 Jul 2015
FOREIGN / PULA
PULA / FOREIGN
1 USD = Pula   10.1420
1 GBP = Pula   15.8228
1 EUR = Pula   11.1111
1 YEN = Pula   0.0818
1 ZAR = Pula   0.7971
1 Pula = USD   0.0986
1 Pula = GBP   0.0632
1 Pula = EUR   0.09
1 Pula = YEN   12.23
1 Pula = ZAR   1.2545
Stock Exchange
STOCK EXCHANGE: Friday, 31 Jul 2015
DOMESTIC STOCKS
BARCLAYS
437
BIHL
1415
CHOBE
612
CHOPPIES
495
CRESTA
100
ENGEN
817
FNBB
390
FSG
260
FURNMART
159
G4S
349
LETLOLE
223
LETSHEGO
350
NAP
242
OLYMPIA
20
PRIMETIME
286
RDCP
230
SECHABA
2850
SEFALANA
1251
STANCHART
1270
TURNSTAR
275
WIL
475
IMARA
274
have a story? Send us a Tip
  • Previous
    Ant-Man
    Next
    Masa Centre
    ::: Friday 31 Jul - Thursday 06 Aug :::
    Ant-Man
    Kidnapping Freddy Heineken
    Pixels
    Entourage
    Minions
  • Previous
    Ant-Man
    Next
    Riverwalk
    ::: Friday 31 Jul - Thursday 06 Aug :::
    Ant-Man
    Pixels
    Entourage
    Minions
  • Previous
    Ant-Man
    Next
    Gamecity
    ::: Friday 31 Jul - Thursday 06 Aug :::
    Ant-Man
    Pixels
    Entourage
    Minions
    Magic Mike XXL
    Terminator Genisys
Selefu
Good Hope