Belize Telemedia Limited (BTL) formally presented its acquisition proposal for telecommunications provider SpeedNet to the Belizean Cabinet on January 20, 2026. The presentation follows extensive consultations with key stakeholders including the Social Security Board and the Belize Communications Workers’ Union.
Government officials confirmed they will publicly announce their position after BTL completes its ongoing consultation round. The meeting featured detailed discussions about the proposed consolidation’s implications for the nation’s telecommunications landscape.
BTL Chairman Markhelm Lizarraga expressed optimism following the cabinet presentation, stating: “The session progressed exceptionally well with highly engaged cabinet members. We comprehensively addressed their inquiries regarding our strategic rationale and demonstrated how this consolidation would deliver substantial benefits to the Belizean people as primary stakeholders.”
Lizarraga emphasized that since BTL is citizen-owned, any advantages derived from the acquisition would directly benefit Belizeans both as owners and consumers of enhanced telecommunications services.
Michel Chebat, Minister of Public Utilities, Energy and Logistics, characterized the presentation as thorough while clarifying that no definitive decision has been reached. Notably, the Public Utilities Commission (PUC) is preparing a Statutory Instrument to safeguard consumer interests during any transition period. This regulatory measure would mandate unchanged service rates and bundles, preventing unilateral subscriber plan modifications unless expressly requested.
Addressing monopoly concerns, Minister Chebat highlighted the competitive broadband market, noting approximately 23 other providers currently operate within Belize, suggesting the acquisition wouldn’t establish market dominance.