B.T.L. Claims Stellar Performance for 2022-2023 Fiscal Year

Belize Telemedia Limited held its seventeenth annual general meeting today in Belize City. B.T.L.’s board of directors and management presented the company’s annual report for 2022-2023 under the theme “Leading Belize’s Digital Transformation”. Branded as DIGI, B.T.L. made remarkable progress, according to the Chairman of the Board of Directors, Mark Lizarraga. He says that B.T.L. is now offering services to over fifty additional areas. Lizarraga says that B.T.L. deployed eighteen new mobile cell sites, resulting in an expanded reach to over twenty-three thousand residents, particularly in rural and underserved communities. In 2022, when Hurricane Lisa hit Belize, B.T.L.’s infrastructure was put to the test. The Chairman says that the company’s infrastructure proved to be resilient with only minor damage to the fiber network. Lizarraga says that B.T.L. has a stellar year.

Mark Lizarraga

Mark Lizarraga, Chairman, B.T.L. Board of Directors

“I think BTL continues to perform better than expected. I mean, we have been meeting our targets. The board has challenged management on a five year plan and management has been meeting those projected numbers. Thankfully, we have pursued aggressively cost cutting exercises, and we have continued to deliver bundles and packages that the public have accepted and appreciated. So that has been basically our strategy over the last couple of years, and I think that the improved returns speak to that. I think consumers have already been seeing a lot of many benefits, and we believe in giving value to our subscribers, and that is why we are successful. And the packages and bundles that we continue to offer give our customers and consumers a tremendous value. So it speaks for itself, no?  History can show that returns. And I think here, you know, our finance people can give you those precise numbers. But we’ve made significant improvements and our return on equity has improved, hit the targets. We’ve set a five year, when we came in, we set a five year projection, where we said we would go from eight to twelve percent return on equity over the next five years. We’ve hit our first target, which was eight percent. We’ve hit our second target, which is nine percent and we’re on track to hit our next target, which is ten percent for next year. So we’re focused on giving value to our shareholders and having that shareholder confidence that we can give them a fair return on their investments.”