Chavez plans to nationalize telecom and power
Source Louis Proyect
Date 07/01/08/17:30

January 8, 2007
Chavez: Will Nationalize Telecoms, Power

CARACAS, Venezuela (AP) -- Venezuelan President Hugo Chavez announced plans
Monday to nationalize the country's electrical and telecommunications
companies, calling them "strategic sectors" that should be in the hands
of the nation.

"All of those sectors that in an area so important and strategic for all
of us as is electricity -- all of that which was privatized, let it be
nationalized," Chavez said in a televised speech after swearing in a new

"C.A. Nacional Telefonos de Venezuela (CANTV), let it be nationalized,"
Chavez said. "The nation should recover its property of strategic sectors."

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