AT&T signs deal to offer roaming services in Cuba
- AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share
- Rockwell Collins (COL) to Acquire B/E Aerospace (BEAV) for $6.4B
- China Oceanwide to Acquire Genworth Financial (GNW) for $2.7B
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
The signage for an AT&T store is seen in New York, October 29, 2014. REUTERS/Shannon Stapleton/File Photo
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
(Reuters) - AT&T Inc (NYSE: T), the No.2 U.S. wireless carrier, said it had signed a deal with Cuba's state-owned telecoms provider to offer direct roaming services to its customers visiting Cuba.
AT&T said on Monday it would announce the pricing and the launch date for the service at a later date.
Reuters reported in March that AT&T was trying to complete a mobile communications agreement with Cuba's telecoms monopoly, Empresa De Telecomunicaciones De Cuba (Etecsa).
The deal follows similar agreements between Etecsa and U.S. telecoms carriers including Sprint Corp (NYSE: S), Verizon Inc (NYSE: VZ) and T-Mobile US Inc (NASDAQ: TMUS) after U.S. President Barack Obama's administration eased some sanctions on Cuba.
Earlier, phone calls between the United States and Cuba had to be routed mostly through other countries, adding to costs and reducing the quality of calls.
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Kirti Pandey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Dollar index flirts with eight-month highs amid Fed hike bets
- Center-right opposition claims victory in Lithuania vote, to start coalition talks
- 'Real-life Cinderella' film delves into plight of Hong Kong maids
Create E-mail Alert Related CategoriesReuters
Related EntitiesBarack Obama
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!