The Federal Communications Commission (FCC) published a notice this week that a Miami company – TeleCuba – has requested that it be allowed to charge and collect more for proposed services to Cuba.
Created in 1995, TeleCuba provided pre-paid phone cards exclusively for Cuba. According to the company website Teleccuba received its first of many Treasury Department, Office of Foreign Asset Control (OFAC) licenses in 1996 and has been doing business in Cuba ever since with multiple OFAC authorizations. It currently provides cell phone services and is seeking to expand service to the island.
Telecuba was also one of the first companies to benefit from the easing of Cuban sanctions by the Obama Administration in early 2009. The company is currently is building a first of its kind fiber optic cable from the U.S. “The new cable will allow for an array of new telecommunication products and services such as high speed internet and cable television, which are not feasible using current satellite communications,” says the company release.
TeleCuba is asking that the FCC to allow it to have a higher settlement rate with its business partner in Cuba, the state-run Empresa de Telecomunicaciones de Cuba, S.A. (“ETESCA”). TeleCuba argues that due to the amount of work that is required to establish services, anything less than three years may not make economic sense.