In brief

11 January 2019

Mergers, Acquisitions and Financial Results

Botswana Telecommunications Corporation (BTC) says it registered a profit of BWP86 million (USD7.9 million) for the first half of its 2018/19 financial year, down 12% from the year-earlier period. According to a report from The Patriot, in the six months to 30 September 2018 overall revenues dropped 11% to BWP704 million, with the fall attributed to lower income from the company’s mobile operations, despite a 4% increase in subscriber numbers. State-backed BTC provides a range of fixed, mobile and internet services across Botswana.
Source: Telegeography

Mobile operators Orange and Airtel Niger have reportedly reached an agreement with the country’s General Directorate of Taxes (DGI) over a dispute which saw their offices in the country closed late last year. Jeune Afrique reports that Orange has agreed to settle part of the XOF22 billion (USD38.4 million) in back taxes it was ordered to pay in November, while a similar resolution was said to be agreed with main competitor Airtel, which had been ordered to pay XOF62 billion last month.