TV Latam published an article describing the plans of Cantv, the state owned incumbent carrier in Venezuela for IPTV. The company is preparing the market for a 2010 IPTV service launch. It expects to have 800 thousand IPTV subscribers after five years. It plans to achieve a high penetration with subsidized services for the lowest-income sectors and a competitive offering for the other segments.
It is worth reading the TV Latam article because it discusses the political approach that Cantv is taking. As a major petroleum producer, Venezuela would seem to have the resources to pull this off.
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