Venezuela Agrees to Buy Verizon's Stake in CANTV

VENEZUELA AGREES TO BUY VERIZON'S STAKE IN CANTV
[SOURCE: Washington Post]
Venezuela's government signed a preliminary agreement to buy Verizon Communications' 28.5 percent stake in Compania Anonima Nacional Telefonos de Venezuela, or CANTV, for $572 million, Telecommunications Minister Jesse Chacon said after signing the memorandum of understanding with John Diercksen, Verizon's executive vice president of strategy, development and planning. Chacon said that with the deal, the government "begins the process of nationalization of one of the most strategic companies for the country's development."
http://www.washingtonpost.com/wp-dyn/content/article/2007/02/12/AR200702...
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* Venezuela and Verizon reach deal
http://www.latimes.com/business/printedition/la-fi-verizon13feb13,1,1622...