Telecom Venezuela and Transbit form new company for undersea link

23 Oct 2007

BNamericas, quoting Caracas daily El Universal, reports that state-owned Telecom Venezuela (formerly CVG Telecom) and Cuban telco Transbit have created a new company called Telecomunicaciones Gran Caribe to build and operate the planned submarine fibre- optic cable connecting the two countries. According to the newspaper, Telecom Venezuela will have a 60% stake in the new company while Transbit will own the rest. The company will be headquartered in Caracas, with a subsidiary in Cuba. The planned cable would run an estimated 1,552km from La Guaira, Vargas state, in northern Venezuela to Siboney in the eastern province of Santiago de Cuba, and support 20 million simultaneous voice calls.

Cuba, Venezuela, Telecom Venezuela (formerly CVG Telecom),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.