{"id":13591,"date":"2022-09-09T07:19:47","date_gmt":"2022-09-09T07:19:47","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue"},"modified":"2022-09-09T07:53:36","modified_gmt":"2022-09-09T07:53:36","slug":"btc-revenue-declines-on-back-of-reduced-voice-revenue","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue","title":{"rendered":"BTC Revenue declines on Back of Reduced Voice Revenue"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Revenue at BSE-listed telecommunications giant Botswana Telecommunications Corporation Limited (BTC) declined by 2 percent from P1.43 billion in 2021 to P1.39 in 2022 on the back of significantly reduced voice revenue that was partly offset by increased broadband revenue.<\/b><\/p>\n

\u201cDespite the topline reduction, we continued, however, to deliver a strong growth in profit after tax of 2 percent relative to the previous financial year, driven mostly by our cost reduction initiative leading to a 3 percent EBITDA increase,\u201d says Managing Director Anthony Masunga in the company\u2019s 2022 annual report released recently.<\/p>\n

Masunga also notes that BTC\u2019s cash and cash equivalents significantly increased by 43 percent from P363 million in the prior year to P520 million as at the end of March 2022.<\/p>\n

Debt collection improved<\/b><\/p>\n

\u201cThe increase was driven by a positive cash conversion ratio of 34 percent as well as favourable working capital resulting from implementation of debt collection measures during the year,\u201d he says.<\/p>\n

\u201cThis allowed us to continue to further expand our mobile data network and replace old copper connections with fibre in order to improve our customers\u2019 quality of service.\u201d<\/p>\n

BTC saw the mobile phone market continuing to grow during the year with consumers owning several SIM cards from all the mobile network operators.<\/p>\n

\u201cThis growth is driven mostly by mobile broadband demand as consumers are getting used to new ways of working apart from more traditional office-based work,\u201d says the MD.<\/p>\n

Masunga says the Smega, BTC Mobile Money Service, has also recorded \u201cvery encouraging\u201d growth during the year.<\/p>\n

\u201cMore services are constantly being added on to the service to augment the card, as well as to continue to bring financial services to various citizens, including the unbanked members of our communities,\u201d Masunga said. \u201cSmega is able to interact with traditional banking systems, which brings about more convenience to our customers.\u201d<\/p>\n

Future outlook<\/b><\/p>\n

For her part, BTC Chairperson Lorato Boakgomo-Ntakhwana notes that the board has approved a new Strategy 2022- 2025 with a budget for the first year targeted at building on investments made during the previous planning period.<\/p>\n

\u201cOur focus going forward is to provide exceptional customer-focused digital solutions that will transform Botswana and selected Sub-Saharan markets,\u201d she says.<\/p>\n

\u201cThe 2022\u20132023 Financial Year will therefore be a transition period between the 2020\u20132023 and the new proposed 2022\u20132025 Strategy.\u201d<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Revenue at BSE-listed telecommunications giant Botswana Telecommunications Corporation Limited (BTC) declined by 2 percent from P1.43 billion in 2021 to P1.39 in 2022 on the back of significantly reduced voice revenue that was partly offset by increased broadband revenue. \u201cDespite the topline reduction, we continued, however, to deliver a strong growth in […]<\/p>\n","protected":false},"author":84,"featured_media":13590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-13591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBTC Revenue declines on Back of Reduced Voice Revenue - Botswana<\/title>\n<meta name=\"description\" content=\"Revenue at BSE-listed telecommunications giant Botswana Telecommunications Corporation Limited (BTC) declined by 2 pe ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTC Revenue declines on Back of Reduced Voice Revenue\" \/>\n<meta property=\"og:description\" content=\"Revenue at BSE-listed telecommunications giant Botswana Telecommunications Corporation Limited (BTC) declined by 2 pe ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-09T07:19:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-09T07:53:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/09\/postQueueImg_8-631af0e813ad1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BTC Revenue declines on Back of Reduced Voice Revenue\",\"datePublished\":\"2022-09-09T07:19:47+00:00\",\"dateModified\":\"2022-09-09T07:53:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue\"},\"wordCount\":393,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/09\/postQueueImg_8-631af0e813ad1.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/btc-revenue-declines-on-back-of-reduced-voice-revenue\",\"name\":\"BTC Revenue declines on Back of Reduced Voice Revenue - 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