The privatisation of incumbent fixed line telecoms operator Botswana Telecommunications Corporation (BTC), which was initially scheduled to take place during 2011, is now expected to happen by mid-2012, local newspaper Mmegi Online reports. ‘The BTC is ready for privatisation, but the steps to achieve that are taking a bit longer than they should,’ stated the telco’s chairman, Len Makwinja, adding: ‘We have all the requirements for a successful privatisation.’ TeleGeography’s GlobalComms Database states that BTC began to look for a strategic equity partner in early 2009, and following lengthy consultation activities with all of the telco’s stakeholders, Botswana’s president Ian Khama announced in November 2010 that the government would begin to sell its shares in BTC via an initial public offering (IPO) in early 2011. Under the latest sale plans, a 49% stake in BTC will be sold to investors and BTC employees, while the government will retain the remaining 51%.
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OVETEL BTC privatisation pushed back to 2012
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