Correction: No SSB Vote Taken on Proposed BTL–SMART Acquisition

We are issuing a correction and apology regarding our earlier report on the proposed acquisition of Speednet (SMART) by Belize Telemedia Limited (BTL).  In last night’s newscast, we indicated that the Social Security Board (SSB) had voted against the merger during a recent board meeting. We have since been informed that this information was inaccurate. The matter was not placed on the meeting’s agenda and no vote was taken by the SSB on the proposed acquisition.  We understand that the SSB is instead seeking to review the company’s financial performance over the past three years and to further examine the valuation of the proposed transaction before making any determination.  We regret the error and any confusion it may have caused. We will continue to monitor developments surrounding the proposed BTL–SMART acquisition and provide updates as verified information becomes available.