By Aaron Humes: Reliable information to Breaking Belize News is that the arbitration tribunal deciding the value of the shares in Belize Telemedia Limited (BTL) at the time of the first nationalization by Government in 2009 has set that figure at as much as 220 million US dollars.
Official confirmation is not forthcoming at this hour but our understanding is that the decision was handed down on Monday and the first half of the payment is due within 10 days. Again, we stress that the figure is not confirmed by anyone in Government.
The figure is the second half of the compensation settlement with BTL’s former proprietor, the Aschcroft group, the first half of which was reached last September and consisted of a payout of 162.7 million Belize dollars.
Looking for Internet marketing, social media presence and direct email exposure to a Belizean oriented market of over 500,000 individuals every month? Breaking Belize News is able to offer a marketing package that uses internet, social media and email to reach over 500,000 Belizean-centric potential customers each month.
Email us at email@example.com for more information.