BTC needs a strategic partner - former PEEPA boss

Friday, February 07, 2014

Former Public Enterprise Evaluation and Privatisation Agency (PEEPA), CEO Joshua Galeforolwe has cast aspersion on the profitability and sustainability of Botswana Telecommunications Corporation’s (BTC) beyond privatisation.

As part of the privatisation process, all backbone assets have been transferred to BoFiNet, a development that has levelled the playing field in the industry and could curtail the BTC’s profitability.

Speaking at the First National Bank Botswana (FNBB) budget review seminar in Gaborone this week, Galeforolwe said whilst an initial Public Offering (IPO) of BTC may be attractive to electorates in 2014, its efficacy and profit sustainability is questionable.

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