CANTV
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Website | www.cantv.com.ve |
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CANTV (Compañía Anónima Nacional de Teléfonos de Venezuela) is the state-run telephone and internet service provider in
As of May 9, 2008, Cantv’s customer base numbered 10.1 million mobile subscribers, 5.2 million fixed telephony subscribers and 1,000,000 broadband subscribers.[2]
Origins
In 1930 the "Ministerio de Fomento" of the Gómez government granted a concession to Félix A. Guerrero to build and operate a telephone network in the Federal District and the States of the Union. With fellow shareholders Manuel Pérez Abascal, an entrepreneur, and Alfredo Damirón, an attorney, they registered Compañía Anónima Nacional Teléfonos de Venezuela on 20 June 1930.
On 31 December it became the local operating company for the assets of the Venezuelan Telephone and Electrical Appliances Company Limited, an English firm which had been operating in Venezuela for 40 years between Caracas and
After a commission spent several years enquiring into ways of expanding the service, in 1953 the government announced its intention to acquire 100% of the shares of Cantv at a price of US$7.1M, as part of the state's program of nationalization.[4] Over the following years it bought up the other privately owned telephone companies, the last one being Compañía de Teléfonos de San Fernando de Apure which it acquired in 1973.
Privatization and re-nationalization
The company was privatized on December 15, 1991, the envelopes containing the bids were opened in a public act and the successful bidder was the consortium VenWorld Telecom, C.A. which bid US$1.885 million (US$1.085 million above the base price) for a 40% equity stake in the company. The VenWorld consortium was headed by GTE Corporation, with 51% of the shares. The other members of the consortium were Telefónica Internacional de España, C.A. Electricidad de Caracas, each with 16%, Consorcio Inversionista Mercantil CIMA with 12% and AT&T International with 5%.
On January 8, 2007, President
Subsidiaries
In addition to Phone service, other services provided by CANTV are divided into three subsidiaries wholly owned by CANTV, which handle internet access,
CANTV and CANTV.NET
Most of cantv wired telephone network rely over copper wire network, also known as POTS. In 2006 Cantv started offering VoIP, or Internet Phone Service to its broadband users, regardless of the fact that VoIP communication through Cantv is shoddy at best. Internet service in addition to
Movilnet
The mobile phone component of CANTV was founded in 1991. In its first year it reached about 21,000 clients while deploying an
Caveguías
Caveguías provides both printed and electronic directories for CANTV clients and subscribers.
Controversy
Public surveillance
In an
See also
- Censorship in Venezuela
- Media in Venezuela
References
- ^ CANTV, Presidentes de Cantv Archived 2013-01-19 at the Wayback Machine
- ^ "Cantv Resultados Q1 2008" (PDF). Archived from the original (PDF) on 2012-07-19. Retrieved 2009-11-06.
- ^ The Times Thursday, 13 Apr 1933, Telephone Properties Limited Dividend Of 8 Per Cent. Conditions In Venezuela, Sir Alexander Roger's Statement
- ^ The Times, Tuesday, 8 December 1953 Telephone Properties' Venezuelan Assets $7M
- ^ "El Nuevo Herald: Gobierno gasta millones en espionaje electrónico de sus ciudadanos". La Patilla. 2 November 2014. Retrieved 7 November 2014.