Belize City, January 27, 2026—Belize Telemedia Limited (BTL) acknowledges the ongoing public discussion surrounding the proposed Speednet acquisition and advises that the company is currently in the process of considering this matter as part of its broader efforts to strengthen Belize’s telecommunications sector. No final decision has been made, and the matter remains under review through the appropriate legal and regulatory processes.
What it means for Belize
The proposed transaction is being assessed in the national interest, with the aim of:
· Improving telecommunications infrastructure
· Expanding digital access
· Preparing Belize for the future digital economy
· Supporting wider coverage
· Providing better service reliability and faster internet speeds
· Delivering stronger connectivity for homes, businesses, schools, and public services nationwide
Ongoing Stakeholder Engagement
BTL is conducting ongoing consultations with key stakeholders, including employees, the Leader of the Opposition, small and majority shareholders, the Board of Directors, the Social Security Board, the National Trade Union Congress of Belize, the Belize Chamber of Commerce and Industry, the Belize Business Bureau, and BTL’s Senior Leadership Team. These discussions remain ongoing and are part of BTL’s commitment to transparency and responsible decision-making.
BTL continues to operate fully within the law and is actively engaging with the Public Utilities Commission (PUC). Any potential outcome will be guided by regulatory requirements and the best interests of Belizeans.
Protecting Belizean Interests
BTL’s priority is to protect customers, employees, and the wider economy. Any future transition, should one occur, would be managed to ensure:
· Uninterrupted service
· Job protection
· Protect current pricing
· Due diligence and regulatory compliance
We remain committed to our track-record of affordable and dependable service for every Belizean.
BTL’s National Contribution
BTL has been a solid and consistent partner in Belize’s development throughout the years, investing not only in infrastructure but also in people and communities. This ongoing commitment includes:
Independent Valuation
The Speednet valuation was conducted by Moore Belize, a member of the Moore Global network, one of the world’s largest and most respected independent professional services organizations, using recognized, industry-standard valuation methodologies. The work was further subjected to an independent technical review by the Moore office in Belo Horizonte, Brazil. This multi-layered process reflects international best practice and underscores the robustness and objectivity of the valuation.
Our Commitment
BTL remains committed to serving the people of Belize. This potential transaction is being explored carefully and transparently, with the goal of strengthening national infrastructure and ensuring a more connected, competitive, and digitally empowered Belize.
Belizeans remain at the center of every decision, and BTL will continue to invest in the country regardless of the outcome.