An international arbitration panel dismissed a claim by Brandes Investment Partners against Venezuela seeking damages for the forced sale of its stock in the nationalization of the country’s phone company, state-oil company Petroleos de Venezuela SA said today in a statement.
On Sunday President Hugo Chavez announced that the state-owned Vtelca, which manufactures the subsidised and very affordable ‘Vergatario’ phone, will now also manufacture a phone designed for blind people.
By Daniel Chavez - Transnational Institute, Mar 15th 2010
TNI fellow, Daniel Chavez has been part of a team of international advisers working with Venezuelan researchers and CANTV to review the the state telecommunications company's history and put forward proposals for converting it into an effective socialist public company.
