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Innovative Communication Corporation LLC (ICC) took management control today of Belize Telecommunications Ltd. (BTL) from Lord Michael Ashcroft and Carlisle Holdings Ltd., as announced by Jeffrey J. Prosser, ICC's chairman and CEO. Innovative's purchase price of 100 percent of the stock is more than US $105 million, making it the largest business transaction in the country's history and now the largest privately owned telephone company in the U.S.

Last week Innovative concluded an agreement with the Government of Belize transferring ownership of BTL to ICC. "We are very optimistic about the future of Belize," observed Prosser. "Belize Telecommunications will be a significant contributor to the economic development of Belize and between the two are poised to have an industrious future together." Belize is working to advance its IT and Telecom fields in support of a growing population.

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