AT&T, Starwood, Marriott Poised to Ink Cuba Deals

Three major U.S. corporations are preparing to complete deals to do business in Cuba as an approving President Barack Obama prepares for a historic presidential trip to the island this month.

With just over a week until Mr. Obama’s March 20 visit, at least three companies—AT&T Inc., Starwood Hotels and Resorts Worldwide, Inc. and Marriott International—are expected to announce agreements with Cuban government-run entities, according to company and U.S. officials.

They will be among the high-profile first deals notched since Mr. Obama said in December 2014 that the U.S. would move to restore ties with Cuba after more than 50 years of Cold War enmity. Since then, the Obama administration has loosened travel and trade restrictions for a variety of industries, betting that closer business ties between the U.S. and Cuba will cement the administration’s policy of normalization.

Read more:

http://www.nasdaq.com/article/att-starwood-marriott-poised-to-ink-cuba-deals-20160311-00594

 

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