In a significant development within the ongoing Speednet-Telemedia dispute, independent senators have escalated their campaign by directing attention toward the Social Security Board (SSB). Legislators are demanding that the SSB exercise its authority as a major shareholder to safeguard workers’ financial contributions, potentially through legal intervention.
Union Senator Glenfield Dennison articulated the urgency of immediate action during recent statements. He emphasized that the SSB possesses both the legal standing and fiduciary responsibility to seek injunctive relief from the Supreme Court if Belize Telemedia Limited (BTL) is deemed to be acting against shareholder interests.
“Social Security, being a shareholder, has standing in law to go before the Supreme Court for injunctive relief whenever they feel BTL is not acting in their best interest,” Senator Dennison stated. “We want to urge the Social Security Board to pay attention. Notwithstanding the fact that the majority of members are government-appointed, you have a fiduciary duty to the workers.”
The senator’s appeal underscores concerns that the current telecommunications deal jeopardizes worker investments. As approximately a one-third shareholder in Digi, the SSB holds substantial influence and access to critical information that positions it uniquely to take formal action.
Regarding citizen involvement, Senator Dennison acknowledged that private individuals theoretically have legal pathways under the Telecoms Act and PUC Act but noted practical limitations. “You can’t go to the Supreme Court and say ‘I want an injunction because I feel like this is no good,’” he explained, highlighting that successful legal action requires detailed evidence typically available only to insiders and major stakeholders like the SSB.