Story perspectives

US opens Venezuela telecom to investment, excludes Chinese firms

8/25/2026

Summary

Story summary

The United States opened Venezuela’s telecommunications sector to investment while explicitly excluding Chinese firms.
OFAC issued two licences easing sanctions on CANTV and Movilnet, barring deals with China, North Korea, or Cuba.
Earlier oil-sector authorisations also excluded China-linked firms, allowing U.S. President Donald Trump’s administration to loosen restrictions without aiding China.
Huawei and ZTE dominate Venezuela’s telecom market, and the new rules could let Western suppliers compete as 5G expands.

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Story summary

The United States opened Venezuela’s telecommunications sector to investment while explicitly excluding Chinese firms.
OFAC issued two licences easing sanctions on CANTV and Movilnet, barring deals with China, North Korea, or Cuba.
Earlier oil-sector authorisations also excluded China-linked firms, allowing U.S. President Donald Trump’s administration to loosen restrictions without aiding China.
Huawei and ZTE dominate Venezuela’s telecom market, and the new rules could let Western suppliers compete as 5G expands.