“Carol” screenwriter Phyllis Nagy is adapting the 2008 novel “Telex From Cuba” as a TV series for Paramount Television and Anonymous Content.

The novel by Rachel Kushner revolves around life in 1950s in Cuba just before the Castro revolution. The book was  finalist for a National Book Award. Nagy is on board to create the TV series and serve as showrunner should the project go the distance.

Nagy last week earned an adapted screenplay Oscar nomination for penning the Cate Blanchett starrer “Carol,” another 1950s-set story.

Nagy will exec produce “Telex” with Anonymous Content’s Rosalie Swedlin and Adam Shulman. Anonymous Content’s production arm is on fire with two best picture Oscar noms this year — for “The Revenant” and “Spotlight” — and the Golden Globe win earlier this month for its USA Network drama “Mr. Robot.”

“I am thrilled to begin work on bringing the complex, beautiful, colliding worlds of Rachel Kushner’s magnificent novel to dramatic life,” Nagy said. “The political, social and economic landscapes of Cuba in the 1950s is rich, exciting territory— and I look forward to exploring it all.”

Nagy’s credits include the 2005 HBO telepic “Mrs. Harris,” which she wrote and directed. At present she’s fielding several new film projects, notably the original screenplay “Middle of Somewhere,” about a week in the life of singer Dusty Springfield, for Number 9 Films and Studio Canal.

Phyllis Nagy is represented by UTA in the U.S. and by the Casarotto Agency in the U.K. The rights deal for Kushner’s novel was handled by RWSG Agency on behalf of Susan Golomb at Writers House.