Mascom shares to go on sale
SOON TO LIST: Mascom Wireless

In what has been hailed as an exciting development by industry experts, the public will have an opportunity to buy shares in Mascom before the end of the year.

The company’s founder, Strive Masiyiwa announced this week that shares would be available for public purchase when the mobile giant lists on the Botswana Stock Exchange Limited (BSEL), before 2019 ends.

This follows Masiyiwa buying back control of Mascom in March, paying MTN an estimated US$300 million to re-acquire the shares he originally sold them 14 years ago.

MTN decided to sell its share in Mascom after it reportedly failed to gain management control, leaving it unable to execute its BRIGHT strategy.

This was a result of a complex ownership structure involving a Portuguese Telecom company.

MTN had envisaged taking full control of Mascom and rebranding it to MTN Botswana, but saw its efforts thwarted after it failed to gain control of the company.

Mascom will become the second telecommunications company to trade its shares on the BSEL, joining Botswana Telecommunications Corporation Limited (BTCL), which enlisted early 2016.

A market analyst who spoke to Voice Money this week labelled the listing of Mascom as ‘exciting news’.

Firstly, he said from the capital market’s perspective it would be great news to have another company on board following the de-listing of Furnmart, as well as the expected delisting of Wilderness Safaris, which he described as ‘frustrating’.

Another reason he believes people can look forward to the listing is that it will offer investors a variety of options to invest in, especially by investing in a strong and mature company such as Mascom.

“Also exciting is the strategy which has been mentioned of seeing more Batswana coming on board to buy Mascom shares,” said the market analyst.

With over 60 percent of market share in the technology space, it is believed investing in Mascom would be a great investment.

Mascom, derived from its founder’s name, was started in 1998 and was the first mobile operator to be licenced locally.

Leave a Reply

Please Login to comment
Notify of