BTCL Holds IPO Pitso

Monday, October 06, 2014

The Ministry of Transport and Communications (MTC), Public Enterprises Evaluation and Privatisation Agency (PEEPA) and Botswana Telecommunications Corporation Limited (BTCL) will today hold an awareness Pitso to sensitise stakeholders about the pending Initial Public Offer (IPO) of BTCL shares in Gaborone.

The BTCL IPO, which has been scheduled for Friday 7th November 2014, will see government offering a total of 49 percent of BTCL’s shares.

According to BTCL, 44 percent of these will be available for purchase by citizens and citizen companies, and the remaining 5 percent will be retained for BTCL employees through an employee share ownership programme.

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