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xchrom

(108,903 posts)
Wed Mar 21, 2012, 04:32 PM Mar 2012

Washington pressures Spain's Telefónica over Cuban affiliates

http://elpais.com/elpais/2012/03/21/inenglish/1332356583_269131.html

The US government is continuing to question Spanish companies that do business in Cuba, a country Washington has designated as a “state sponsor of terrorism.”

In this latest query, the US Security and Exchange Commission reminded Telefónica president César Alierta in a November 29 letter that it had warned the telecoms giant two years prior about its affiliates in Cuba, including Telefónica Data Cuba.

In a response letter dated December 30, Telefónica told the SEC that it had sold its shares in Data Cuba in 2005 and said it has no plans for future investment in the communist Caribbean island.

In the past, Washington has frequently asked Spanish officials for explanations concerning other companies’ business dealings in Cuba or Iran, such as Repsol and BBVA.

*** what a fuckin WASTE of time, money and effort.
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