Our Take:

Add Verizon to the list of media companies that has begun offering services to Cuba. It’s the first U.S. wireless company to offer telecom services, but Netflix began making its service available to Cubans in February. Diplomatic relations improved dramatically late last year, and since then communications companies have stepped up. As this CNN Money article notes, Verizon has set up roaming agreements with local Cuban telecom companies, so Verizon customers can use the service there. It’s expensive, though: $2.99 a minute, with data costing $2.05 per megabyte and texts charged at international rates. There’s also a pay-as-you-go option. Expect to see more companies flooding services into the country in the future.

Verizon has become the first U.S. wireless company to let its customers make calls, send texts and use data while in Cuba. Though Verizon doesn’t own or operate any cell towers in Cuba, it has set up roaming agreements with local Cuban telecom companies.

Read More at CNN Money

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