Botswana Telecommunications Corporation (BTC) will pursue growth in the areas of e-health, e-learning, and fintech with the end goal of becoming Botswana’s leading digital services provider.
The telco is hoping to build on the current momentum which has seen it achieve a profit of P158 million per recent financial results. Despite the impressive bottom-line performance, BTC has over the years struggled with top-line growth, with revenue growth usually in the single digits per its financial results. For a listed company, such muted growth is not what shareholders want to see.
According to Managing Director Anthony Masunga, the strategy will seek to boost revenue by offering high-quality services at affordable prices, targeting specific customer groups across various sectors, and leveraging cost savings to enhance profitability by the financial year 2025. To further drive revenue growth, BTC is also mulling international expansion although that strategy is still at the ideation stage at best.
Supporting the digital transformation strategy will be a network infrastructure to provide nationwide high-speed internet services.
“Significant investments have been made in digital transformation, modernizing our copper network to fiber, building data centers, and improving our mobile network to stay competitive. We must explore new growth areas, be creative, and adapt to the fintech business because telecom is the key to e-commerce,” Masunga said.
Additional info source: The Voice