**CERTIFICATIONS**




Exhibit
                  31.2
                Certification
                    of Chief Financial Officer pursuant to 18 U.S.C. Section 1350,
                    as adopted
                    pursuant to Section 302 of the Sarbanes-Oxley Act of
                    2002




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)
      evaluated the effectiveness of the registrant’s disclosure controls and
      procedures as of a date within 90 days prior to the filing date of this
      quarterly report (the “Evaluation Date”); and




c)
      presented in this quarterly report my conclusions about the effectiveness of
      the
      disclosure controls and procedures based on my evaluation as of the Evaluation
      Date.




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:
      October 10, 2008


/s/
                  Thomas CalabroChief
                  Financial Officer(Principal
                  Accounting Officer)