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Monday, 12 October 2015

Obama Allows US Telecom Carriers to Go to Cuba





As part of Washington's normalization with Cuba, the Treasury Department is relaxing more of its sanctions against the small island nation. Now, any American can easily travel to Cuba. Moreover, it has become simple to transfer money and set up bank accounts there. The current change in the policy has laid the groundwork for a substantial transformation of the culture and politics of Cuba.

The Obama administration has not only opened diplomatic relations by allowing their telecom services in the nation but is also permitting U.S. telecom carriers to enter Cuba in a meaningful way. Surprisingly, U.S. telecom companies can also open their shops in Cuba by partnering with Cuban entities and enter into a licensing agreement with the providers to benefit the country with connectivity. What’s more, Americans are free to hire Cuban software developers and bring their mobile apps into their country. This will surely turn out to be a huge deal. According to U.S. venture capitalists, this step is a fantastic investment that will benefit both countries. Cuba designed apps will help facilitate interaction between family members who live far off and this will also help the country to grow the local economy. 

"Cuba has a lot of educated, tech-savvy young people," said Jack Nadler, a lawyer at Squire Patton Boggs who's advised developing countries on their telecommunications policies. "Assuming the Cuban government allows those relationships to develop, this could be a big win-win for both countries."

 ubans access global internet as mobile internet from the state run wireless carrier, ETESCA that is costing $2 per hour which is approximately 10% of what a Cuban government official makes every month. Though things are evolving rapidly. However, don’t expect Cubans to flock the internet suddenly and lift the restrictions on U.S. telecom and Internet firms. 

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