Obama Opens Cuba to U.S. Telecom

President Barack Obama is on track to reverse 47 years of embargoes on Cuba and one of the reversals involves telecom.

The White House said today that, among other moves, it’s easing rules to let U.S. telecom providers get operating licenses in Cuba. That means cell carriers, satellite-radio, satellite TV and fiber-optic providers will get entrée in to the Caribbean nation.

“It appears the FCC’s role in administering this new policy will be limited to oversight as well as routine approvals that involve other agencies and departments including State, Commerce and the NSA,” wrote Jessica Zufolo, senior analyst in the telecom division of Medley Global Advisors, in an April 13 memo to clients.

Zufolo expects AT&T Inc. (T), Verizon Communications Inc. (VZ) and Global Crossing Ltd. (GLBC) to be among the most interested U.S. telecom firms.

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