Télémédia acquires the Cayo alternative television network
Posted: Friday, June 3, 2022. 9:00 a.m. CST.
By Aaron Humes: Some may have already heard of, or even acquired, what is known as “Switch TV” – a bundle of cable and local channels at a reasonably low monthly price, well below regular cable or trying to acquire international television on an Amazon Firestick for example.
These are examples of what is known as Internet Protocol Television (IPTV) in which signals are delivered directly to viewers rather than via cable or satellite. Major TV companies in the US elsewhere offer what they call over-the-top (OTT) services with favorite movies, TV shows, and more. in a single package that combines cable TV, streaming services, mobile and landline services. .
The aforementioned Switch TV is operated by Alternative Networks – Cayo Television Network, which was acquired this week by Belize Telemedia Limited (BTL). According to Channel 7 News, owner Stacey Burns said BTL shares the same vision her company has always had, wanting everyone to be able to enjoy IPTV at home and OTT on their phone.
It’s a big step in the race to control this emerging market, with BTL retaining cable giants Centaur Television in the North and Central TV and Internet, which recently acquired its longtime nemesis Channel Broadcasting Cable (CBC), in the center and west.
But it was also news for Prime Minister John Briceno, whose family controls Centaur and whose government remains majority shareholder of BTL, despite it being, as he recalled, “a private company “.
He made no further comment except to say that the government cannot dictate what BTL does. There has been a dispute over some government departments that have passed to rival SMART, also majority-owned by the Prime Minister’s family.
We hope to have more in a future story.
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