Belize City, Belize, January 29, 2026- The executive team of Belize Telemedia Limited (BTL) met with the Central Bank of Belize (which holds 8.1% of BTL’s shares), including the Executive Chairman, Governor, and senior management, today to provide a comprehensive technical and policy briefing on BTL’s proposed acquisition of Speednet. The in-depth briefing covered key financial, operational, and customer-focused aspects of the proposed transaction, including:
• The independent valuation conducted by Moore Belize, a member of the Moore Global Network;
• Customer protection measures, including price caps and service continuity safeguards;
• BTL’s approach to maintaining reliable, day-to-day service throughout the transition; and
• Transparent regulatory reporting processes during the proposed 24-month transaction period.
“This transaction reflects disciplined capital allocation and a clear, long-term focus on value creation,” said Ian Cleverly, Chief Financial Officer, BTL. “Our priority is to proceed responsibly, with strong governance, customer protection, and full financial transparency throughout the process. By reducing duplication and strengthening oversight, we are reinvesting in network reliability, service quality, and security to deliver better everyday service for customers and a stronger telecommunications infrastructure for the country.”
BTL reaffirmed its commitment to customer protection and continuity measures discussed with the regulator. These safeguards are designed to protect all customers throughout the transition process and ensure services remain reliable, simple, and fairly priced.
Customer benefits
If the proposed acquisition were to be approved, the combined networks would enable BTL to address inefficiencies and focus resources on improving reliability, expanding coverage, and enhancing service quality. The transaction is also expected to support simpler bundled offerings and stronger protections for consumers and businesses, while remaining under regulatory oversight.
BTL appreciates the Central Bank of Belize’s time and guidance and will continue to work closely with national stakeholders to ensure Belizeans remain informed and protected should the proposed
transaction receive approval.