BTCL share price set for unveiling

Tuesday, October 07, 2014

BTCL shares discussions.Pic.Kagiso Onkatswitse

The Botswana Telecommunications Corporation Limited (BTCL) will unveil the price of its shares next month which will be unveiled in an Initial Public Offer, as officials continue to play their cards close to their chests.

Government plans to offer 44 percent of its shareholding to citizens and citizen-owned companies via the Initial Public Offer (IPO), retaining 51 percent and committing five percent to citizen workers. While the share price will only be known when the prospectus supporting the IPO is published next month, recent trends on the local bourse suggest a price between P1.00 and P2.00.

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