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Cuba: The Next Hot Telecom Market?


New free market measures could lure foreign investors.

Doing business in Cuba has never been, shall we say, easy. But in recent weeks, Cuba has seen a series of new free-market developments that have piqued the interest of foreign investors, including some American companies.

For starters, Cuba has eased its property laws, allowing foreign investors to lease land for up to 99 years instead of just 50. That could lead to lower interest rates on international banking mortgages and shore up confidence for potential investors.

Secondly, a number of telecom companies, including Verizon (VZ), AT&T (T), and Nokia (NOK), have started to pressure the US government to ease its embargo so they can sell phones in Cuba.

If both of these measures come to pass, it could fundamentally change the Cuban business landscape. But what would this new Cuba look like?

Join Josh Lipton for a closer look.

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