Trends, Segmentation and Analysis Report Forecast -2022
Belize government pays final instalment to secure BTLOne the smaller countries in Central America, Belize in many respects has closer affinities with English speaking countries of the Caribbean than with its immediate neighbours.
Belize’s fixed-line teledensity and mobile penetration remain lower than in neighbouring countries. This is a legacy of insufficient market competition and underinvestment telecoms services, exacerbated by lax managerial standards within the incumbent telco Belize Telemedia Limited (BTL). However, BTL has recently adopted a reforming strategy under the moniker of ‘New BTL’, aiming to transform itself at all levels into an effectively competitive operator more commercially minded and focussed on cheaper pricing and customer retention. The company has undertaken significant investment in infrastructure, launching an LTE-A service at the end of 2016 and in mid-2017 completing a submarine cable to Ambergris Caye, enabling it to launch an FttP service in San Pedro.
The Belizean telecom market was liberalised in 2003 yet BTL continues to hold a monopoly in fixed-line services and is the dominant provider of mobile and broadband services. In 2009 the state renationalized BTL after a change of government brought to light a questionable Accommodation Agreement between the previous administration and the company.
Although the rationale for the nationalization was to improve conditions for consumers, BTL’s prices remained high. The government has undertaken some measures to improve competition, notably by obliging BTL in mid-2013 to open its networks to VoIP services. In mid-2015 the government came to an agreement regarding an outstanding $22.5 million loan signed off in 2007 by a former BTL management team which the company subsequently considered unlawful. BTL was obliged to repay the government from its own funds. In November 2017 the government made the final payment to BTL’s former owners following the renationalisation of the company in 2009.
SEUL submarine cable connecting the mainland with Ambergris Caye completed;
Government makes final payment for BTL following the 2009 renationalisation;
DigiCell launches LTE-A services;
Mobile sector accounting for over 90% of all phone subscriptions;
BTL reports stable telecom revenue for fiscal 2017.Source