In January at the last House Meeting of this Administration, the government passed a BTL Loan Guarantee Motion.
It provides a government guarantee for an eight million US dollar loan from Heritage Bank for Telemedia.
Today BTL announced that 20 days ago on January 20th, company executives signed an agreement with global telecoms giant Erriccson to upgrade Telemedia's cellular system to 4g status - which is what the 8 million US dollar loan was for.
It is expected that Telemedia's 4-G services will be launched by mid-year.
Email
Print