BTC public shares due next year

Friday, October 15, 2010

The Public Enterprises Evaluation and Privatisation Agency (PEEPA) says an Initial Public Offer (IPO) for Botswana Telecommunications Corporation shares is likely to be floated after the end of the utility's financial year in March 2011.

The offer of shares in the privatised BTC is eagerly-awaited in a market bereft of investment opportunities, particularly the high-return, low-risk variety offered the telecommunications giant.

Earlier this year, citizen investors were left ruing missed opportunities when a group of Orange citizen shareholders collectively pocketed P420 million through a 20 percent share buy-back by the mobile phone company's majority shareholder, France Telecom.

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