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BTC’s mobile subscribers up 4%

patriot by patriot
January 17, 2021
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BTC’s mobile subscribers up 4%
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Botswana Telecommunications Corporation (BTC) has made a profit of P86 million for the six months period ending September 30, 2018, representing a 12 per cent decline from the previous year which stood at P 98 million.

BTC Managing Director Anthony Masunga when giving overview of BTC unaudited interim financial results said the mobile revenue profit decline is the major reason why the company registered a 12% profit margin decline for the period. Total revenue also went down 11 % decline in revenue to P704 million as compared to last year’s P794 million. Meanwhile, the company’s total assets reached P2.4 billion.

Masunga said changes that occurred in the operating environment such as the regulatory framework which came with pressure to reduce tariffs have initiated the decline in sales, although the mobile subscriber base increased by 4%.

“The overall decline in revenue is mainly attributable to challenges facing mobile business, during the first quarter year between (April and June 2018), we experienced some teething problems relating to the migration of mobile customer accounts to the new converged billing system,” Masunga said.

The problems encountered as result of migration of mobile customer accounts include; compromised product performance which led to compromised customer experience. However, the challenges have been resolved through launching new innovative products and services such as Live Social and My Conneck bundles with the latter leading to an increase in uptake of mobile data services.

He said the inflation forecast which is predicted to rise by 3.7 % in the year will further cripple the sales as consumers’ buying power will decline. On the mobile market phase, he said, the BTC mobile subscriber rose up by 4% whereas the BTC subscriber market share remains unchanged standing at 16% rate.

Masunga said BTC, through its strategic plan, is keen on technology transformation with a budget of P500 to P600 million set aside with the aim of constructing modernised Telecommunications infrastructure.

BTC General Manager – Finance Abel Bogatsu noted the mobile revenue has declined by 34% which is a 4% variation from the 2018 rate of 38% but he remained optimistic that the sales situation will improve based on the innovative and technological investment routes they are keen on implementing.

“Our revenue analysis is drawn from three areas of fixed data, mobile business and fixed voice. We experienced a decline in mobile business which remains large profit contributing segment, and we are now looking into turning around the fixed business which we are confident it will also grow and is capable of generating revenue as well,” Bogatsu said.

Bogatsu said the company has managed to control the operation costs by bringing it down by 11% to P619 million from P697 million from 2017 as a result of a 19% decline in administrative costs.

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  • We must ‘walk the talk’ July 4, 2022
    We can only save ourselves and our planet by confronting climate change BY COLLEN VIXEN KELAPILE Climate change has become the enemy of human progress and a threat to humanity’s survival. We see its devastating consequences daily. No country is […]
  • Makwinja caught in Minergy saga   June 30, 2022
    Her husband –Leonard, is a Board Member at Minergy Coal ‘She is conflicted, hence she is failing to resolve our disputes with the company’ – Farmers ‘It’s an attempt to score cheap political points’ –Makwinja Minergy Coal proposes a […]
  • CA Sales lists on the JSEJune 29, 2022
    african-markets.com The JSE, Africa’s largest stock exchange, has listed CA Sales Holdings Limited on its main board providing South African investors with exposure in the fast-moving consumer goods (FMCG) company with a footprint in several Southern African countries. CA […]
  • BBS launches insurance agencyJune 28, 2022
    BBS Limited is pleased to inform its current and potential customers as well as stakeholders that it has launched an insurance agency called BBS Insurance Agency Limited; whose purpose is to provide insurance agency services and bespoke insurance products […]
  • MANTSWE JOINS TURNSTAR BOARDJune 28, 2022
    Turnstar Holdings Ltd, is pleased to announce the appointment of Mr Solomon Seoketsi Mantswe, to the Board of Directors, with effect from 1st July 2022. He brings over 30 years’ experience in the public service. He was appointed Deputy […]
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