CANTV gets cash from CAF

10 Mar 2005

Former monopoly wireline operator Compañia Anónima Nacional de Teléfonos de Venezuela (CANTV) has been offered USD275 million in financing from the Andean development agency Corporacion Andina de Fomento (CAF). CAF has yet to announce whether the money will be delivered in the form of a loan, a line of credit, or by other means. A final agreement is expected by the end of the month.

Venezuela, CANTV