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August 04, 2005
Innovative Threatens Action Against Belize Government
From the St. Thomas Source:
What a hoot - more Innovative shenanigans. How Prosser gets away with this stuff is beyond me. I am not going to be surprised the day the feds come after him.
Aug. 3, 2005 - Innovative Communication Corp. threatened about everything but invading the country if the Belize government passes a proposal to seize what ICC considers its own assets in that Central American country.Rumors had been going through the country that the Belize Legislature was planning to pass legislation to cancel the special share of the Belizean phone company owned by ICC. The rumors became a news story on Tuesday as a TV station reported the action was imminent.
Virgin Islanders are concerned because the money used to buy other shares of the Belizean phone company was borrowed from the V.I. telephone company, formerly known as Vitelco, which is now owned by ICC. (See "Vitelco Still Waiting for ICC to Repay Loan".)
Posted by afinta at August 4, 2005 10:16 AM
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