Anonymous Comment on BTL Financials

“Anonymous” Says:

I work for one of the major Banks in Belize.  I have personally reviewed BTL’s financial statements.  They are not losing money in any segment of their business.  Although revenue remained flat year over year, this may be a product of not adapting to a changing market and finding new sources of revenue and add-on features.

If they paid more attention to internal fraud and settled legal battlles brewing over several owndership changes, they may find more profits than arguing over technology.

Mr. Boyce, in his own words stated that BTL could drop their international rates by 2/3 and still be profitable.  He publically admitted to ripping off the country when it comes to long distance.

Why is India such a hot spot?  Because they have a well educated population and cheap and fast fiber optic connections.  If a country like Belize is to succeed on the world market, an open stream of communications with the world is required.  If BTL wants to concern itself with their short-term profits, they will harm the rest of the country for years to come.

The country is at a crossroads and has some important choices to make.  The problem is not just cheap long-distance, the problem is how to keep Belize popular as a tourist destination, a business destination and a player in the world market.

Download BTL’s annual financial reports and see for yourself:

2005:  http://www.btl.net/Reports/financial-rep-2005.pdf 

2004:  http://www.btl.net/ann-2004/btl-fin-stat-2004.pdf 

Advertisements

2 Responses to Anonymous Comment on BTL Financials

  1. Cool site, love the info.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: