Exhibit
      31.2




CERTIFICATIONS




I,
      Thomas
      Calabro, certify that:




1.
      I have
      reviewed this quarterly report on Form 10-QSB of Latin American
      Telecommunications Venture Company - LATVCO.




2.
      Based
      on my knowledge, this quarterly report does not contain any untrue statement
      of
      a material fact or omit to state a material fact necessary to make the
      statements made, in light of the circumstances under which such statements
      were
      made, not misleading with respect to the period covered by this quarterly
      report;




3.
      Based
      on my knowledge, the financial statements and other financial information
      included in this quarterly report, fairly present in all material respects
      the
      financial condition, results of operations, and cash flows of the registrant
      as
      of, and for, the periods presented in this quarterly report;




4.
      The
      registrant's other certifying officers and I are responsible for establishing
      and maintaining disclosure controls and procedures (as defined in Exchange
      Act
      Rules 13a-15(e) and 15d-15(e)) for the registrant and have:




a)
      designed such disclosure controls and procedures to ensure that material
      information relating to the registrant, including its consolidated subsidiaries,
      is made known to us by others within those entities, particularly during the
      period in which this quarterly report is being prepared;




b)
      *;




c)
      evaluated the effectiveness of the small business issuer’s disclosure controls
      and procedures and presented in this report our conclusions about the
      effectiveness of the disclosure controls and procedures, as of the end of the
      period covered by this report based on such evaluation; and




d)
      disclosed in this report any change in the small business issuer’s internal
      control over financial reporting that occurred during the small business
      issuer’s most recent fiscal quarter (The small business issuer’s fiscal fourth
      quarter in the case of an annual report) that has materially affected, or is
      reasonably likely to materially affect, the small business issuer’s internal
      control over financial reporting;




5.
      The
      registrant's other certifying officers and I have disclosed, based on our most
      recent evaluation, to the registrant's auditors and the audit committee of
      the
      registrant's board of directors (or persons performing the equivalent
      functions);




a)
      all
      significant deficiencies in the design or operation of internal controls which
      could adversely affect the registrant's ability to record, process, summarize,
      and report financial data and have identified for the registrant's auditors
      any
      material weaknesses in internal controls; and




b)
      any
      fraud, whether or not material, that involves management or other employees
      who
      have a significant role in the registrant's internal controls; and




6.
      The
      registrant's other certifying officers and I have indicated in this quarterly
      report whether or not there were significant changes in internal controls or
      in
      other factors that could significantly affect internal controls subsequent
      to
      the date of our most recent evaluation, including any corrective actions, with
      regard to significant deficiencies and material weaknesses.




Date:
      September 12, 2007




/s/
      Thomas Calabro




Chief
      Financial Officer




(Principal
      Accounting Officer)




*Indicates
      material omitted in accordance with SEC Release Nos. 33-8238 and
      34-47986.