CANTV
From Wikipedia, the free encyclopedia
| Compañía Anónima Nacional de Telefonos de Venezuela | |
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| Type | Public |
|---|---|
| Founded | 1930 |
| Headquarters |  Caracas, Distrito Capital, Venezuela |
| Industry | Telecommunications |
| Products | Wireline and wireless telecommunication, and Internet service provider |
| Revenue |  Bs. 5,088 billion (2005) |
| Net income |  Bs. 214 billion (2005) |
| Employees | 9,199 (2006) |
| Parent | Venezuelan Government Telefónica Móviles, S.A. Mercantil Servicios Financieros América Movil |
| Subsidiaries | Cantv.net Caveguías Movilnet |
| Website | CANTV |
Compañía Anónima Nacional de Teléfonos de Venezuela (CANTV) is one of the first telephone service enterprises in Venezuela, founded in 1930, when businessman Félix A. Guerrero obtained a concession from the "Ministerio de Fomento" to build a telephone network primarily in the capital, and of course in the rest of the country. In 1950 the government acquired 100% of the shares, as part of a nationalization of industries, which ended in the early 1970s. The company was privatized in 1991, which resulted in a swift modernization of its technological infrastructure and an enhancement of its communications services offering. Its services include voice transmission, data, access to Internet, cellular telephony and directories of information. It is owned by Verizon Communications (GTE Venholdings), the Venezuelan Government, Telefónica S.A., Mercantil Servicios Financieros, America Movil, and several thousand small private investors, including company employees. On 2007-01-08, President Hugo Chávez announced that Venezuela would nationalize CANTV, a move aimed at returning the company's control to the state.
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[edit] Subsidiaries
Services provided by CANTV are divided into three subsidiaries which handle cellular phone service, internet access and directory services.
[edit] CANTV.net
In addition to dial-up, ISP CANTV.net offers low-end broadband access using ADSL technology. It covers the major share of the Venezuelan broadband market, having reached 53% in 2001 and 76% in 2003. As of January, 2007, download speeds offered vary from 1024Kbps to 2048Kbps.
[edit] Movilnet
The mobile phone component of CANTV was founded in 1991. As of 2001 it had a market share of 40%, based on TDMA and CDMA2000 technologies. It currently offers 1x EV-DO in major populated areas around the country.
[edit] Caveguías
Caveguias provides both printed and electronic directories for CANTV clients and subscribers.
