/ Source: The Associated Press
Venezuela plans to spend $70 million on an undersea fiber optic cable to Cuba in order to improve telecommunications.
President Hugo Chavez's government nationalized Venezuela's largest telephone company two years ago and has been planning to lay the undersea cable to its Caribbean ally.
The government issued a statement that Chavez said Tuesday night he has approved $70 million for the undersea cable.
Venezuelan officials say the cable will run 1,555 kilometers (966 miles) and will have a capacity to handle millions of call at once, as well as television signals and Internet connections.
