The story
Before the emergence of ETECSA, there were 14 comprehensive communications companies on the island that covered the specialties of telephony, radio, mail and press, as well as other specialized national entities. In this category were the companies of Projects, Construction and Assembly, Coaxial Cable, EMTELCUBA and Long Distance.
In 1993, the constitution of ETECSA as a state and commercial entity was authorized. It was officially created on June 28, 1994 as a commercial company with mixed capital between the Cuban State through the company Telefónica Antillana S.A. (51%) and the Mexican company CITEL (49%). and in 1994 it was granted the administrative concession for the provision and commercialization of public telecommunications services.
The merger process lasted from the beginning of 1994 to February 1995, when ETECSA hired all its workers.
In April 1995 CITEL sold 25% of its shares to the Italian STET, which subsequently bought more shares in the Mexican company. Subsequently, the remaining CITEL shares were sold to other Cuban companies.
Since then, the institution has undergone periods of technological change, structure, management systems, strategic orientation and the development of new services.
On December 16, 2003, through Agreement 4996 of the Executive Committee of the Council of Ministers and Decree 275, the concession of ETECSA as a unified telecommunications operator in the country was extended, the merger of the mobile telephone companies Cubacel and C_COM Sus services which would become part of ETECSA. In the same decree law the following is stated:"(...) The main purpose of the merger is to integrate in a single Mixed Company, all activities related to fixed and cellular telephony, as well as other telecommunications services in the country, to ensure the process of investigation, investment, production, provision of services and their commercialization in Cuba and abroad, including the purchase in the foreign market of technical assistance and supplies for production and services, as well as other activities that guarantee the normal functioning of the system and contribute to the national economy freely convertible currencies.. "Since its founding, the company has gained in efficiency and commitment to its users. Its benefits have been diversified and the quality of the technological parameters has risen, managing to increase the number of lines installed and in service, the digitization index and support for the country's socio-economic development.
Also, based on a better organization of work and the multiple training actions that are carried out, its human resources have developed superior management.
On February 4, 2011, the Official Gazette of the Republic of Cuba announced that Cuba had acquired 100% of the shares of the company, which it controlled for the first time in its entirety since 1993. The shares were distributed as follows:
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Telefónica Antillana SA: It owns 6,188 class A shares, equivalent to 51.006% of the capital stock.
Rafin SA: It owns 3,276 Class B shares, equivalent to 27.003% of the capital stock.
Universal Trade & Management corporation SA: It owns 1,345 Class B shares, equivalent to 11.086% of the capital stock.
Banco Internacional de Comercio SA: It owns 112 class B shares, equivalent to 0.923% of the capital stock.
Negocios en Telecomunicaciones SA: It owns 464 class B shares, equivalent to 3.825% of the capital stock.
From Wikipedia’s article on ETECSA, shared under CC BY-SA 4.0.4