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flag A 2026 Belize deal to acquire Speednet sparked controversy over transparency, family ties, and regulatory oversight.

flag In February 2026, conflicting statements surrounding the proposed acquisition of Speednet in Belize sparked concerns over transparency and conflicts of interest. flag The Prime Minister called for a pause, citing the need for lawful and transparent processes, while corporate leaders offered mixed assessments of the company’s performance and competition’s impact. flag Regulatory officials emphasized the Public Utilities Commission should have been involved from the start, asserting its legal authority. flag Questions arose about impartiality, given ties between the Prime Minister’s family and the seller, and his board members and the buyer, prompting scrutiny of the deal’s oversight.

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