I'm in complete agreement and would have rather seen the GOB induce true competition to force BTL into good practices.

However, on the plus side, this does not look like it will be a GOB run company. They say they are selling 51% to belizean citizens and 49% to anyone that wants to buy it with some limit to no one person owning more than x% (I think 25%).

While I don't support the government forcing taking over a private business, I'm happy that they are at least going to be placing it right back into the private sector.

I'm working on the wife now to let me get some of that BTL ownership goodness.

This sounds to me like GOB runing the company.

"At that time the new, Government-appointed Board of Directors will assume operational control over Telemedia, and the re-Belizeanization of the company will be complete."

From reading the Barrow's statement, that is a temporary measure until stock can be sold off, 51% guaranteed to Belizean Citizens with protections for maximum allowed ownership interest. And the current non-ashcroft owners (5% IIRC) remain.

Once the stock is sold off, the new owners of the company would be permitted to oust the government appointees from the board.

Like I said, not ideal, but better than a permanently or long-term government run BTL.

Here's what I'm reading:



And Barrow further stated on Chanel 7 News:



and then he was challenged: