G.O.B. Makes Final Payment for B.T.L. Acquisition

There’s another commitment that government has met. As ordered by the Caribbean Court of Justice on November first, G.O.B. has complied with a payment of about a hundred and sixty million dollars as a final payment for the 2009 and 2011 nationalization of Belize Telemedia Limited.  The government today made the transfer of funds of seventy-eight million U.S. dollars to Dunkeld International Investments and the B.T.L. Employees’ Trust.  The court mandated the government to pay by November tenth, which means that the payment was made one day before the deadline.  So the B.T.L. misadventure, for which the government has spent in excess of half a billion Belize dollars, is now finally over.