Caracas, 3 de octubre de 2003 - Offnews.info

36- a contract worth $46 mln (36.7 mln euro) with the above company for thedevelopment of a national access system;- a contract worth $25 mln (19.9 mln euro) with ZTE Corporation for thedevelopment of a second national access system.CVG Telecom also reached other agreements with Chinesetelecommunications companies, but CVG Telecom has yet to obtainsufficient resources for them. These contracts are for the development of afibre-optic network in southern Venezuela and a mobile phones plant. Theplant may be completed by the end of 2007 and will have the capacity toproduce one million phones per year. Its location has not been defined yet.The contracts are designed to improve the access to modern technologiesand telecommunications services in Venezuela and will also contribute tothe improvement of the social conditions in the less urbanised areas of thecountry.Chavez suffers setback in bid for Security Council seatBy David Usborne in New YorkHugo Chavez, the President of Venezuela who has based his politicalappeal partly on confronting the "imperialist" United States at everyopportunity, was frustrated last night in his efforts to win a seat on the UNSecurity Council.After 10 inconclusive rounds of secret voting at the General Assembly todecide which Latin American country should take up one of five nonpermanentseats open in January, neither Venezuela nor its rival Guatemalahad reached the two-thirds majority required. Further rounds will be heldtoday.Support for both countries fluctuated significantly between rounds, creatingan unusual sense of drama in the chamber. Guatemala ended the day with aclear edge but if it fails to reach the two-thirds mark this morning, Latin