Chavez Beats AT&T to Cuban Market Over Price Dispute
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A pricing dispute between the U.S. and Cuba may have cost American companies including AT&T Inc. and Verizon Communications Inc a foothold in the communist island’s recently opened telecommunications market.
Paris-based Alcatel-Lucent SA on Jan. 22 began laying a $70 million, 1,600-kilometer (1,000-mile) underwater fiber-optic cable between Venezuela and the city of Siboney on Cuba’s southeastern coast. Venezuelan President Hugo Chavez heralded the subsea link as a way to break the half-century-old U.S. “blockade” of Cuba.