BELIZE CITY – Prime Minister John Briceño has publicly addressed growing concerns regarding potential monopoly formation in Belize’s telecommunications sector, following revelations that government-owned Belize Telemedia Limited (BTL) is considering acquiring Speednet Communications and multiple cable providers.
Speaking on December 10, 2025, PM Briceño firmly rejected suggestions that his family connections to Speednet created a conflict of interest, stating: “Belize is a small country. I have never lived off my government salary. I do investments with my family. I do not have any direct investments with Speednet, so I have none. It’s my brother.”
The Prime Minister emphasized that despite BTL being 95% government-owned, the company operates under a commercial structure. “As a private company, we allow them to manage the company and make whatever decisions they believe are in the company’s best interest. I am not involved in that discussion. I’ve stayed away from that,” Briceño clarified.
The situation has gained complexity since June, when Speednet—parent company of SMART—was granted judicial review permission to challenge the Government of Belize. The legal dispute centers on two “ConnectED” contracts awarded to BTL for providing internet services to schools, which Speednet claims should have undergone competitive tender processes as required by the Finance and Audit (Reform) Act for contracts exceeding $5 million.
Public apprehension now focuses on the prospect of a single dominant provider controlling mobile, internet, and cable services nationwide. PM Briceño identified the Public Utilities Commission (PUC) as the primary regulatory safeguard, noting: “The PUC regulates. The PUC has to set the rates. BTL, BEL, and BWS just can’t set any rates as they wish.” He added that the PUC “will have to become even more vigilant in ensuring that the rates being set will not be taking advantage of the Belizean public.”