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BTL’s net profit down by 20% to BZD21m

16 Sep 2013

Anwar Barrow, the CEO of state-owned telecoms company Belize Telemedia Limited (BTL) has announced that during the most recent financial year ending 31 March 2013 the company’s net profit dropped to BZD21 million (USD10.56 million), sown 20% year-on-year from BZD26.5 million reported in 2012. According to the local newspaper Amandala, BTL’s revenues also decreased in the period under review, from BZD139 million in March 2012 to BZD136 million twelve months later. The executive also stated that despite the liberalisation of voice-over-internet protocol (VoIP) in 2013, BTL expects to generate additional revenues this year by shifting its focus towards data and associated services.

A company representative also addressed queries by customers concerning the discontinuation of its triple-play offerings, by stating that its bundle services are temporary unavailable due to pending system changes, and will be ‘resumed shortly’.

Belize, Belize Telemedia Limited (BTL, Digi)

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