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ETECSA Sets Deadline for US Payments

Bnamericas Published: Monday, February 22, 1999
Cuba's telephone company ETECSA said it must receive outstanding payment from five United States telephone companies by February 25 or their connections with the island nation would be cut. The five have withheld payments pending the outcome of a trial in Florida, where relatives of four US pilots shot down by a Cuban fighter in 1996 are trying to seize Cuban state assets as compensation. The five companies are AT&T (NYSE: T), MCI Worldcom (NYSE: WCOM), LDDS, IDB and WilTel. ETECSA, a joint venture between the Cuban government and Telecom Italia (NYSE: TI), said two other operators, Sprint (NYSE: FON) and Puerto Rico's Telefonica de Larga Distancia, had met their obligations and would not face any sanctions. The US government has recommended in court that the payments be made, as ETECSA is an independent company.

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