BTC shares should be opened up, MD says

24 Oct 2018

The managing director of Botswana Telecommunications Corporation (BTC) is calling for the company’s shares to be opened up to all investors, not just citizens. A report from Business Week quotes Anthony Masunga as saying that opening up the group’s trading was necessary ‘to accurately produce a value for BTC and in turn return proper value to investors’. He said: ‘80% of our investors hold shares of 5,000 and below, which creates volatility of our stock.’ The government offloaded a 44% stake in fixed and mobile operator BTC via an IPO in March 2016, with a further 5% going to employees of the telco; the remainder is still state-owned.

Botswana,Botswana Telecommunications Corporation (BTC),

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