BCCI Press Release – Reaffirmation of Grave Concern over BTL’s Proposed Speednet Acquisition

BCCI Press Release – Reaffirmation of Grave Concern over BTL’s Proposed Speednet Acquisition

Belize City, Belize Monday, August 3rd, 2026 – The Belize Chamber of Commerce and Industry (BCCI) would like to publicly reiterate its firm opposition to the proposed acquisition of Speednet Communications Limited (Smart) by Belize Telemedia Limited (BTL) in its current form.

Following the BCCI’s formal correspondence on July 30, 2026, and the subsequent response from BTL Chairman Markhelm Lizarraga dated July 31, 2026, the BCCI confirms that its critical reservations regarding governance, financial due diligence, market competition, and legal compliance remain entirely unaddressed.