CANTV Announces Third Quarter 2004 Earnings Conference Call.

CARACAS, Venezuela -- CANTV (NYSE:VNT), the leading Venezuelan telecommunications services provider, will hold its quarterly conference call to discuss third quarter 2004 results on Friday, October 29, 2004, at 10:00 a.m. Eastern Time.

This call is being webcast by CCBN and can be accessed at CANTV's web site at www.cantv.com.ve. Then clicking on the "inversionistas" link - English version, then on the "webcast" link.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.fulldisclosure.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

About CANTV

CANTV, a Venezuelan corporation, is the leading Venezuelan telecommunications services provider with approximately 2.9 million access lines in service, 2.7 million cellular subscribers and 325 thousand Internet subscribers as of September 30, 2004. The Company's principal strategic shareholder is a wholly owned subsidiary of Verizon Communications Inc. with 28.5% of the capital stock. Other major shareholders include the Venezuelan Government with 6.6% of the capital stock (Class B Shares), and employees, retirees and employee trusts which own 7.4% (Class C Shares) and Telefonica de Espana, S.A. with 6.9%. Public shareholders hold the remaining 50.6% of the capital stock.