Target date for BTCL IPO slides again

Tuesday, December 09, 2014

The main BTC tower in Gaborone. PIC TSELE TSEBETSAME

Plans for an initial public offering of the Botswana Telecommunications Corporation Limited (BTCL) have been extended to next year.

The Ministry of Transport and Communications stated that the exact date for the opening of the offer would be announced early in 2015. The IPO launch has undergone a series of postponements.

The first one was in August 2011, which was postponed to 2012, then August 2014, and the to November 7. It was pushed to December 31st 2014. The Ministry highlighted that the postponement came after the institutional investors concluded that opening over the holiday break would not allow them enough time to conduct their own internal processes.

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