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General

Cuban government studies Etecsa stake sale

Monday 14 February 2011 | 11:11 CET | News
Havana-based financial company Rafin, owned by Fidel and Raul Castro, is studying the possibility of selling its 27 percent stake in Cuban operator Etecsa. Rafin acquired the 27 percent Etecsa stake from Telecom Italia at end-January. Rafin now plans to resell this stake to a foreign operator, Ansa reports, citing deputy minister of Informatics and Telecommunications Jorge Luis Perdomo. "It is currently being decided whether Cuba keeps this stake or sells it to a foreign operator", said Perdomo. In any case, "the country's strategy – with or without foreign participation [in Etecsa] – is to

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Categories: General
Companies: Etecsa / Telecom Italia
Countries: Cuba
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