Belize’s telecommunications sector faces a pivotal moment as Belize Telemedia Limited (BTL), the nation’s dominant internet service provider, seeks governmental approval for its proposed acquisition of SpeedNet. Public Utilities Minister Michel Chebat has directly addressed mounting concerns about potential market consolidation, asserting that the transaction would not establish a broadband monopoly given Belize’s competitive landscape.
Minister Chebat revealed these insights on Tuesday following BTL’s formal presentation of its acquisition proposal to the Cabinet. The minister emphasized that no definitive decision has been reached, with Cabinet members awaiting the conclusion of BTL’s ongoing stakeholder consultations before rendering judgment.
In a significant regulatory development, Chebat confirmed the Public Utilities Commission (PUC) is drafting a statutory instrument designed to safeguard consumer interests. This legislation would mandate that internet service rates and package offerings remain frozen throughout any potential ownership transition period.
When confronted directly about monopoly apprehensions, Chebat responded: “The notion of a monopoly doesn’t align with market reality. To my knowledge, approximately 23 other licensed broadband providers currently operate within our national borders.” This statement finds support in a 2024 International Trade Administration report acknowledging BTL’s market leadership while noting 27 companies hold official operating licenses. However, the report simultaneously questioned whether average Belizean consumers recognize this competitive diversity.
BTL’s Cabinet presentation culminated weeks of negotiations with key stakeholders including the Social Security Board and the Belize Communications Workers’ Union. Company Chairman Markhelm Lizarraga characterized the high-level meeting as “productive,” noting Cabinet engagement with numerous aspects of the proposal. “The discussion progressed exceptionally well with highly engaged participation from Cabinet members,” Lizarraga stated, reflecting optimism about the proposal’s reception despite pending deliberations.