CANTV, also known as Compañía Anónima Nacional de Teléfonos de Venezuela, is a state-owned telecommunications company headquartered in Venezuela, founded in 1930 and employing approximately 6,520 individuals, operating as a tier 1 media tech buyer. The company specializes in telecoms, offering a range of services including fixed-line telephone, broadband internet, and Pay TV, establishing itself as one of the largest telecom providers in the country.
Venezuelan telecom infrastructure faces an estimated US$5 billion reconstruction bill following two earthquakes, magnitudes 7.2 and 7.5, that struck on June 24, cutting national internet connectivity and damaging towers and fiber along the coast. This situation coincides with new U.S. sanctions licenses opening parts of Venezuela's telecommunications sector to American and other approved suppliers while explicitly excluding companies tied to China. These licenses, General Licenses 61 and 62, were issued by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) on August 21, allowing the Venezuelan government, including telecom authority CONATEL and state-owned CANTV, to acquire goods and services from the U.S. and negotiate new contracts. Previously, on August 5, state-owned telecommunications provider CANTV announced a partnership with Liberty Networks, the parent company of Flow, to build the Fenix submarine fiber-optic cable system, which will connect Curaçao directly to Venezuela, positioning Curaçao as an important regional telecommunications hub.
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