Own Correspondent
27th June 2024
Botswana Telecommunications Corporation (BTC), a leading telecommunications company listed on Botswana Stock Exchange (BSE), announced a modest 3% growth year-on-year in unaudited financial results for the fiscal year ending 31 March 2024.
This revenue increase was driven by the growth in fixed voice services and strong demand for mobile data services.
Key highlights of BTC’s financial performance include;
- Revenue: BWP1.436 billion, reflecting a 3% increase year-over-year.
- EBITDA: BWP200 million, with an EBITDA margin of 32.5%.
- Dividend Declaration: The Board of Directors has declared a dividend of 15 thebe per share, underscoring BTC’s commitment to delivering value to its shareholders.
- Dividend Yield: Over BWP1 billion dividends paid since listing.
“We are pleased to announce BTC’s strong financial results for the fiscal year ending 31 March 2024,” said Anthony Masunga, the Managing Director of the telco giant Botswana Telecommunications Corporation (BTC).
“Our focused execution of strategic priorities has driven revenue growth and profitability, demonstrating the resilience and adaptability of our business model”.
During the fiscal year, BTC continued to invest in enhancing its network infrastructure and expanding service offerings, positioning the company for sustained growth in Botswana’s dynamic and hyper-competitive telecommunications market.
The company remains committed to delivering superior customer experiences and innovative solutions that meet the evolving needs of consumers and businesses.
“Our unmatched nationwide footprint bolstered by continuous investments in this massive backbone of network infrastructure sees Botswana’s fastest network breach and bridges even hostile terrains with connectivity. Being responsive and agile is our mark of distinction in our hyper-competitive market. By replacing copper cables that were targeted for theft and vandalism with fibre we did not only enhance the customer experience we stopped a major risk that was affecting the socio-economic imperatives of our communities,” said Masunga.
He emphasized that the positive results show a correlation between investing in customer experience. “Our resilience is bolstered by a mix of diversified revenue streams. This revenue increase was driven by the growth in fixed voice services and strong demand for mobile data services.” Looking ahead, the company aims to capitalize on emerging opportunities in digital transformation and connectivity services, leveraging its robust operational capabilities and market expertise.
“Over 44 years, our journey has been one of relentless innovation and unwavering commitment to connecting Batswana. We’ve bridged distances, empowered communities, and transformed lives. As we stride into the future, our vision remains steadfast: to pioneer new horizons in technology, to empower every Motswana with the tools to thrive, and to continue being the heartbeat of communication across the continent,” concluded Masunga
