And in big news coming out of Belmopan at this hour -7news has confirmed that the social security board of directors has voted in favour of investing in BTL to the tune of 50 million dollars - which will purchase 20% of the company's shareholdings.
But the vote was not unanimous, far from it. It was carried with a 5 to 4 majority - meaning that the government appointed representatives voted in favour while the unions and business sector representative voted against it.
As we told you, the meeting was originally set for last week Friday - but it had to be postponed when the labour representative did not show up.
Social Security will now become the first major institutional investor in BTL - and is ensured of two seats on the phone company's board of directors. Government is still holding out for a major strategic investor while the share offering remains open to the public….
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