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May 11, 2016

B.T.L. Announces Record Earnings

As we reported earlier, government will have to pay more than two hundred million dollars to Dunkeld in an arbitration award for the expropriation of Telemedia. That information came out before a final decision is issued. But today, Belize Telemedia Limited held an unusual press brief prior to their Annual General Meeting. Telemedia is claiming exceptional earnings for the recent fiscal year ending in March.  B.T.L. says it has recorded revenues of a hundred and fifty-seven million dollars, the highest on record which represents a thirteen point eight million dollar increase from the previous year.

 

Anwar Barrow

Anwar Barrow, Chairman of Executive Committee, B.T.L.

“This year, I’m happy to report is going to be a banner year as far as the financial performance of B.T.L.  We have had for the past six years either a decline as far as our revenues go or a stagnation and this year, we’ve been able to switch that trend around and we are up some fourteen million dollars in terms of revenue. This equates into our market share and our performance as far as growing our customer base and growing the business. And why it is important is not only because of the financial strength that it gives the company and the confidence that it gives our shareholders, but also because it gives the room to invest and technically upgrade our infrastructure so that we can deliver the service that we tend to deliver to our customers. As far as our growth, we have over the last year, added twenty-five thousand new active mobile subscribers to our network, which is a growth of about twenty-two percent. We have launched very many campaigns—if you got to the next slide, you can get a sampling of those campaigns there—everything from doubling our 4G data to we had the double up every day campaign and a range of different campaigns. What we’ve sought to do with B.T.L. over the last two years is reposition the products and services so that we can offer the Belizean customer more and that has been the basis of launching this MORE campaign. So our strategy has been to kinda get some momentum behind the company, work with our existing infrastructure and expand our customer base. And our second phase, which we are now heading into, is about deploying new technical system, consolidating current ones and then turning down other ones so that we can offer a better service.”

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