CANTV Company Description
Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) is facing the competition. Venezuela's incumbent provider of local, domestic, and international telephone service since 1930, CANTV has nearly 4 million access lines in service. Its Movilnet subsidiary provides wireless communications to about 8 million subscribers. It also offers data transmission, directory information, and public phones. US-based Verizon Communications sold its 29% stake in the company to the Venezuelan government in 2007 for about $572 million; in total the government took over 86% of CANTV in a deal valued at $1.3 billion.
View the Comprehensive Company Description for CANTV
The Company Description provides a historical perspective of CANTV's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of CANTV's evolution in the marketplace.
