Government settles BTL ownership

Monday, September 14, 2015.  Aaron Humes Reporting: After batting away questions at the previous BTL picsannouncement of the settlement with Fortis International over Belize Electricity Limited (BEL) concerning whether it would serve as a template for a similar settlement over Belize Telemedia Limited, Prime Minister Dean Barrow is announcing such a settlement at a press conference at the Belize Biltmore Plaza Hotel this afternoon.

Six years ago the nationalization of BTL took place in which Government acquired shares in the company, provoking multiple rounds of legal challenges which have presently landed in the Caribbean Court of Justice (CCJ), which had heard the case last year and was preparing its judgment for later this year. This is now moot.

We will have further details later.

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