BELMOPAN, BELIZE – January 20, 2026 – Belize Telemedia Limited (BTL) executives underwent extensive deliberations with the Cabinet today regarding their proposed acquisition of Speednet. The high-stakes presentation lasted over three hours as BTL leadership detailed their consolidation strategy before government officials.
This meeting represents the latest phase in BTL’s comprehensive stakeholder engagement process, which has included discussions with the Social Security Board, the Communications Workers’ Union, and the National Trade Union Congress of Belize (NTUCB). Following the lengthy session, Cabinet officials announced they would withhold final judgment until BTL completes its full consultation round with all relevant parties.
BTL Chairman Markhelm Lizarraga expressed confidence following the presentation, stating the team effectively addressed governmental concerns regarding the telecommunications merger. “I think it went very well,” Lizarraga told reporters. “Cabinet was very engaged. They had numerous questions, and we provided thorough explanations for our proposed consolidation.”
The chairman emphasized that as a nationally-owned utility, any benefits derived from the merger would ultimately serve the Belizean public. Lizarraga outlined the strategic rationale, noting that eliminating redundant infrastructure and operational inefficiencies would enhance revenue generation capabilities while strengthening Belize’s digital infrastructure.
When questioned about mounting pressure from social partners demanding his resignation, Lizarraga remained defiant, stating he serves at the pleasure of the Prime Minister rather than responding to external stakeholders. The chairman maintained unwavering confidence that his presentation resonated positively with Cabinet members, citing the engaged nature of the extended discussion.