Belize submits bill to Senate for BTL’s takeover

www.WirelessFederation.com/news: Belize’s Prime Minister has reportedly submitted a bill to the Congress to acquire controlling stake in nation’s leading phone carrier, Belize Telemedia Ltd. (BTL).
BTL recently won a $38.5 million judgment against the government relating to the breach of an agreement signed with the previous administration which has been termed as illegal by current officials. The lower house of congress approved the proposal to take over 94% stake in the company’s shares, while paying compensation.
Officials hope the bill will be approved by the Senate and signed into law soon.