BTC plans massive free float on BSE

source: Sunday Standard
by Prof Malema
19-07-2010

Botswana Telecommunication Corporation (BTC) is contemplating the biggest Initial Public Offer (IPO) in the history of Botswana Stock Exchange that is largely geared toward citizen economic empowerment, Ministry of Finance and Development Planning has revealed.

Under the plan, whose final details are still being worked out with key stakeholders—including the corporate advisors, stockbrokers, asset managers and the stock exchange, BTC is planning to list up to 49 percent stake on the BSE.

This will make BTC the trail-blazing telecommunication outfit to list on the BSE and it is likely to get massive support from BSE and citizen punters alike.

“The process of privatizing BTC would be commenced through [continue reading]

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