BELMOPAN, Belize, Jan 13, CMC – The Belize Telemedia Limited (BTL) says it is offering BZ$80 million (One Belize dollar=US$0.49 cents) with BZ$10 million being paid in cash and the balance being paid in the form of loan notes as debate continues over the acquisition of Speednet – SMART.
Speednet, is a Belizean communications company, established in 2003 and providing mostly deals with cellular services under the brand name “SMART” and other landline services.
BTIL said that it would be issuing the loan notes, which are for a four year term and carry interest at a rate of 4.5 per cent per annum.
In a statement, BTL said that Speednet Communication Limited (Speednet) is 77.5 per cent owned by the Waterloo Group Charitable Trust and the remainder owned by Jaime Briceno (16.73 per cent) and Renan Briceno (5.77 per cent).
The ownership of BTL said that it has no economic interest whatsoever in the Trust and the sale of Speednet to BTL “is also not conditional on the purchase of the cable companies by BTL, and the Trust has no information concerning these other transactions”.
(Details in Business section)
CMC/2026