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Italian paper Il Sole 24 Ore cites Spanish financial sources, saying that the Spanish telecom giant Telefonica is preparing an offer for a 30% stake in Cuban incumbent telco ETECSA. Apparently, Telecom Italia (TI) hasn’t seen expected profits from the Cuban company and wants to sell its shares to Telefonica. The two companies have reportedly already held informal talks back in December 2008. At the time, Telefonica was willing to pay $500 million for the shares, while TI wanted a number closer to $780 million.
We’ll see where this will lead and whether citizens of Cuba will notice any changes if ETECSA gets a new shareholder…
[Via: TeleGeography]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
