BTL secures loan to boost fibre rollout

Belize Telemedia Limited (BTL) has secured a BZD35 million (USD17.1 million) loan from Taiwan’s International Cooperation Development Fund (ICDF), which it will use to increase the pace of its ongoing fibre-optic rollout. Ivan Tesucum, chief financial officer at BTL, commented: ‘The replacement of our outdated copper infrastructure network [started] in July last year, and this funding helps us on our path to ensure that the majority of the country of Belize is fiberised.’ The completion of the fibre network could now occur as early as mid-2019, new BTL CEO Rochus Schreiber added.