BTC needs a strategic partner - former PEEPA boss

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.

Editor's Comment
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

Have a Story? Send Us a tip
arrow up