Manny Medina: How Cuba news impacts tech companies

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Author: Celia Ampel
Publisher: South Florida Business Journal
Date: December 19, 2014

Terremark founder Manny Medina thinks Cuba will likely expand Internet access for its citizens, creating opportunities for American tech companies, he told CNBCon Wednesday.

Less than 5 percent of Cubans have Internet access, Medina said — a number he thinks will increase after PresidentBarack Obama moved to restore diplomatic relations with the country this week.

“It’s going to be very difficult for you to cater to the upper-class tourism that they want to and at the same time have an island that is living in the Byzantine age,” the Cuban-American told CNBC. Read more here.