AGREEMENT OF TERMINATION

                                                                    Exhibit 1.10


                            AGREEMENT OF TERMINATION

         The undersigned hereby agree that, effective immediately, on this 21st
day of November, 2001, the Agreement, dated August 29, 2001, by and among The
AES Corporation, Corporacion EDC, C.A. and TelCom 2, B.V., is hereby terminated
in all respects and shall not be of any further force or effect as of the date
hereof.





                                            THE AES CORPORATION

                                            /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
                                            ---------------------------------
                                            Name:    ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
                                            Title:   Executive Vice President


                                            CORPORACION EDC, C.A.

                                            /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
                                            ---------------------------------
                                            Name:    ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
                                            Title:   Director


                                            TELCOM 2, B.V.

                                            /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
                                            ---------------------------------
                                            Name:    ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
                                            Title:   Managing Director