Due diligence begins ahead of BTC IPO

The exercise, which consultants began over the weekend, will eventually set a price tag on the shares to be offered to the public, a development eagerly-awaited by ordinary Batswana raring to buy into the profitable parastatal.

Buoyed by growth across all indicators, including a boom in revenues from data services, BTC netted P181.1 million in profits last year, the highest in the history of the parastatal. Consultants were yesterday providing advisory services to the Public Enterprises Evaluation and Privatisation Agency (PEEPA) and told Mmegi the road to the Initial Public Offer (IPO) had begun through the due diligence.