BTC anticipates better profits
Botswana Telecommunication Corporation ( BTC) anticipates an upswing on its profit before tax for its half year results, authorities at the company have announced. Shareholders were told this week that the company’s profit before tax for the half year ended 30 September 2021 is likely to be between 25 to 32 percent, higher than the 77 million achieved in the corresponding year for the half year results. BTC improved profits comes on the backdrop of the company embarking on a mission to review non- core technology areas of the business as the communications service provider seeks to holistically optimise operations. The development comes under the company’s digital transformation strategy 2021- 2023, which seeks to monetize the company’s assets and ensure their optimal use.
Boakgomo- Ntakhwana said the new strategy will build on the great foundation set by its predecessor, where BTC made a significant investment in our network infrastructure. “The strategy is underpinned by the digital transformation of our business to realise enhanced efficiencies, as well as to continue to maximise the utilisation of our technologies. We remain committed to transforming BTC into a digital services company, leading the Fourth Industrial Revolution to create maximum shareholder value. “We see technology and digitisation as a vehicle to the provision of solutions to the nation’s challenges,” said BoakgomoNtakhwana. In September, BTC Managing Director, Anthony Masunga said the past year has affirmed BTC is on the right strategic course of building a customer- centric culture, enabling 4.5G mobile and fibre networks to provide innovative and superior digital services to customers. “This strategy will ensure that our fortunes will always be tied to the extent to which we contribute to society and facilitate economic activity. “There are several strategic projects in the implementation phase which will enable the organisation to play a more meaningful role in the delivery of the national digitalisation agenda,” said Masunga. He said one of the key focus areas will be automation of key processes throughout BTC operations in anticipation of increased adoption of innovative digital solutions by more businesses to sustain their performance. “BTC has positioned itself to be the market leader in delivering digital solutions to its customers through its wide, high speed data connectivity network, cloud- based services, and superior customer service,” Masunga said.
Meanwhile, BTC continues to dominate the fixed line business despite a continued reduction in the demand for fixed lines both globally and locally.