Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Venezuela Opens Doors to Telecom Competition

Photonics.com
Nov 2000
CARACAS, Venezuela, Nov. 29 -- In an effort to seek some extra revenue, Venezuela has opened its fixed-line telecommunications sector for competition. Venezuela's current $4 billion in revenue from its formerly monopolized telecom market could double within the next six years, said an analyst from Merrill Lynch.
The country currently has 3.5 million fixed phone lines, but will exceed that number by nearly 1 million within three years after outside companies deploy public phones and offer integrated services that combine both cellular and land calls and television and Internet access. However, CA Nacional Telefonos de Venezuela SA has had control of the Venezuelan telecom market since 1950 and has no plans to let go of its 80 percent of the network market.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.