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 Thursday, December 20, 2012

Botswana Telecommunications Corporation (BTC), the country’s incumbent fixed line operator, has reported revenues of BWP1.17 billion (USD145.9 million) for the twelve months ended 31 March 2012, an increase of 10.2% year-on-year, on higher data-related sales of BWP450 million. Local newspaper Mmegi Online reports that comprehensive income totalled BWP375.6 million for the 2011/12 fiscal year, compared to BWP227.4 million in the year-ago period, boosted by higher sales and a BWP138.7 million gain on property revaluation. State-owned BTC’s operating costs for the twelve-month period stood at BWP992 million, up from BWP881.6 million in the year ended 31 March 2011. Commenting on the results, BTC’s CEO Paul Taylor said: ‘We have been very vigilant in cutting costs, nonetheless we will continue to be prudent and make sure that we spend on those activities which yield the most value to our customers and other stakeholders.’ BTC offers fixed telephony services, as well as wireless telephony via its wholly owned mobile subsidiary beMOBILE and internet and data services through its Botsnet unit.

Source: TeleGeography.