Cuba, Venezuela to install undersea cable


Cuba and Venezuela will install an undersea optical fiber cable connecting the two countries to counter US embargo, Cuba's official daily Granma reported.

The cable will have a total capacity of 640 gigabytes with 320 for each optical fiber, increasing by 3,000 times Cuba's data, voice and video transmission capacity with other countries, said Carlos Orfilia, the Venezuelan official adviser of the project.

He said advanced technology would be used to guarantee Cuba and Venezuela's independence in telecommunications.

This project will end Cuba's dependence on satellites services made expensive due to the US embargo, said Wilfredo Morales, director of the Telecomunicaciones Gran Caribe Commpany, the Cuba-Venezuela joint venture created to build and operate the planned cable.

The decades-long US embargo on Cuba has prevented other telecommunication companies from connecting lines to the island, like that of Miami-Cancun, which is only 32 km away from pier of Havana.

As a result of the cooperation efforts by the Bolivarian Alternative for America (ALBA), a regional integration initiative joined by Bolivia, Cuba, the Dominican Republic, Nicaragua and Venezuela, the 1,550-km long optical fiber cable will connect Camuri of northern Venezuela with Siboney in east Cuba.

According to experts, the fiber will be as thick as a human hair and covered with a special material to protect it against sharks.

The cable designed with bifurcation may benefit other countries like Nicaragua and Haiti in the future.

Granma said the selection of the supplier will end in August and the cable installation will complete at the end of 2009 at the earliest. (Xinhua)


MBH Bank Closes Acquisition of Duna Takarék Bank Banking

MBH Bank Closes Acquisition of Duna Takarék Bank

Orbán Augurs Economic Rebound From Q3 Government

Orbán Augurs Economic Rebound From Q3

Corvinus Uni, ExxonMobil Sign Cooperation Deal Deals

Corvinus Uni, ExxonMobil Sign Cooperation Deal

Budapest Muni Council Clears Rác Baths Renovation Tourism

Budapest Muni Council Clears Rác Baths Renovation


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.