The cash will be generated by imposing a 50p duty on all fixed line phones.
Venezuela's fixed line telecoms market is dominated by CANTV, owned by US firm Verizon Communications.
Further rollout could prove a boon to rural areas where fixed line broadband speeds are poor.
BBC: EE to launch 4G mobile services in 16 UK cities in 2012
The UK already has a USO for fixed line telephones, which means BT must provide service to every home.
All charges for fixed line phone services in Jersey have been frozen by the regulator until the end of 2013.
Before then, getting a fixed line meant waiting for years or renting one on the grey market for a small fortune.
Mr Riseley said rival telecoms companies could be in a position to offer fixed line competition within the next nine months.
In July last year Scottish Power shut down its wireless service and asked its 6000 customers to consider a traditional fixed line service.
The Conservative party has said it will scrap the fixed line levy if it wins the election, which is due to take place by June.
But experts argue that current mobile technology cannot compete with fast fixed line connections such as fibre optics which offer speeds of up to 100Mbps.
It said fixed line broadband had been restored on Thursday, and mobile telephones were still working, despite a mast in Herm being out of order.
Telephone services, both fixed line and wireless, have also been damaged.
However the report said that increased competition had brought down the cost of fixed line telephone costs while lower servicing charges and tyre costs had reduced the cost of car upkeep.
Its plug-and-play function automatically configures itself to the surrounding radio environment, enabling users to quickly enjoy wider, higher-quality and more cost-effective coverage simply by connecting the femtocell to a broadband fixed line.
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Calltrunk can record and store conversations made via any phone - fixed line or mobile - and has currently amassed more than 20, 000 customers worldwide after just over a year of operation.
Many fixed line operators are integrating wireless with their traditional phone services, selling the service to consumers with the convenience of having one device and one bill for both mobile and fixed line calls.
For Telefonica of Spain and France Telecom , that means more regulatory headaches, but for BT Group, which sold its cellphone division to its Spanish rival in 2005, being a purely fixed line operator suddenly seems much more attractive.
Analysts have so far had a good feeling about Obermann, whose strategy for tackling rivals on home soil has been to tighten up the relationship between the company's fixed line unit, T-Com, and its T-Mobile units.
Money Programme research shows more than a million people think they've been tricked into new contracts for gas and electricity supplies and nearly half a million people have been tricked into new contracts for fixed line telecoms.
KDDI, a mobile and fixed line communications company in Japan, has developed extensive information about its customers through the data it collects including URLs visited, type of mobile device, purchase history and buying habits, gender and age group.
FORBES: Big Geographic Data -- From Tokyo Retailers to Flood Zones
The aim there is to work out whether part of the spectrum which is being auctioned late next year will provide a mobile broadband alternative for people who struggle to get a decent service down a fixed line.
And competition between Google, Facebook, Yahoo, fixed and mobile operators to seize control of the data opportunities of a global and very large customer base in mobile (at least 4 times the size of the fixed line internet population) is impacting on other sectors.
FORBES: Why Competing Is Getting Harder (And What to do About It)
This is a convergence of mobile portability with the speed and multifunctionality of fixed-line broadband.
The fixed-line telecoms division has been a consistent loss maker for Siemens in recent months.
Many mobile-phone companies have much higher market valuations than fixed-line operators, despite their more recent origins.
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If current trends are any indication, mobile revenues will overtake total fixed-line revenues by 2004.
ECONOMIST: A Survey of Telecommunications: The world in your pocket | The
"It's the dominant fixed-line operator because it had a monopoly until recently, " he says.
In Egypt, operators often depend on Telecom Egypt's fixed-line infrastructure to carry their mobile services.
If their attempts achieve lower transfers to the fixed-line networks, mobile networks could get more swamped.
From now on, traditional fixed-line operators will no longer look down on mobile folk.
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