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THE FAUSTIAN BARGAIN: HOW CUBA IS FINANCING A NEW TELECOMMUNICATIONS INFRASTRUCTURE

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Cuba has a poor telecommunications infrastructure with 19 persons for each telephone. The switching equipment is analog, and dated. In addition, Cuba is in a difficult political situation due to the dispute with the United States over compensation for properties expropriated during the revolution. Yet, in spite of its communist traditions of state ownership, in 1994 it sold 49% of its telecommunications company to a private Mexican firm. An explanation for this is found in the technology needs of the island and the different financial options available to Cuba, including issuing bonds, taking out commercial loans, and making private stock placements.

SKU: 0810-90288629192 Category: Tag:

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By Edward Mozley Roche

Cuba has a poor telecommunications infrastructure with 19 persons for each telephone. The switching equipment is analog, and dated. In addition, Cuba is in a difficult political situation due to the dispute with the United States over compensation for properties expropriated during the revolution. Yet, in spite of its communist traditions of state ownership, in 1994 it sold 49% of its telecommunications company to a private Mexican firm. An explanation for this is found in the technology needs of the island and the different financial options available to Cuba, including issuing bonds, taking out commercial loans, and making private stock placements.

page: 72 – 89
Prometheus: Critical Studies in Innovation
Volume 13, Issue 1

SKU: 0810-90288629192

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