BTL Selling Property to Invest in Remote Rural Areas

Belize Telemedia Limited wants to bring connectivity to the remote areas of Belize on the same level as the urban areas. To do that, the company is selling two parcels of prime property in Belmopan. The land is what houses the company’s Belmopan office and measures six acres. C.E.O. Ivan Tesucum explained to reporters that they will use the monies from the sale of the property to invest in that connectivity project. Tesucum says so far all they’ve gotten is interest expressed.

 

Ivan Tesucum, C.E.O., B.T.L. Digi

“We’re still advertising it and we’re awaiting the, so first of all, the way it works is it’s an expression of interest. That expression of interest requires you to then submit that you’re interested and then we would then send you the pack when you’re, when we send you the information pack, then you then respond back with what you believe is your price. So that’s where we’re at right now. I would say that we’re still going through that expression of interest and we’re waiting. So people have expressed interest. We haven’t received quite a bit of, offers as yet. It’s about using those funds for us to be connectivity because we don’t want to leave anybody behind. And we know that in rural areas, especially don’t so don’t we don’t have connection. So and in those areas as well, you don’t have the population. You might not have electricity, so there’s a lot of more effort that you have to put in.”