Telco Cuba to Report Its Third Quarter Financials
Company Pleased With Recent Positive Action by FCC to Allow U.S. Telecom Services to Cuba
HOLLYWOOD, FL -- (Marketwired) -- 01/19/16 -- Telco Cuba, Inc. (OTC PINK: QBAN), an Amgentech company, publicly traded telecom provider is pleased to report that it expects to regain "current" reporting status by January 25th by releasing its Q3 Financials. "We have been working diligently with the company's auditors on getting our post merger consolidated financials released and are eager to see the Company's return to fully reporting 'current' status. Transparency and fully reporting status is important to the Company, and a priority for our shareholders," commented William Sanchez, CEO.
The Company is also pleased to report that the U.S. Federal Communications Commission said Friday it has removed Cuba from its "exclusion list," allowing U.S. companies to provide telecommunication services to the Caribbean country without separate approval from the agency. "Cuba has long ranked as one of the world's most repressive environments for information and communication technologies," according to Freedom House's analysis of the Cuban Internet market. "High prices, exceptionally slow connectivity, and extensive government regulation have resulted in a pronounced lack of access to applications and services other than email. Most users can access only a government-controlled intranet rather than the global Internet, with hourly connection costs amounting to 20 percent of the minimum monthly wage.
"We believe this market to be a large, untapped opportunity for telecom providers such as our Company," stated Mr. Sanchez.
About TelcoCuba, Inc.: Telco Cuba is a cellular service provider that is targeting the Cuban demographic in the United States and intends to offer its services in Cuba when legally able to. The vast majority of Telco Cuba's potential subscribers are Cuban expatriates living in The United States. All of Telco Cuba's calling plans will allow international calls at similar or lower rates than competitive landline rates. Additionally, as an MVNO of Sprint, Telco Cuba will offer direct text messaging and calling to the Country of Cuba. In addition to its cell phone services, Telco Cuba offers digital home phone service and will be bundling its digital and cell phone service in Q1.
