Altice to merge Tricom and Orange Dominicana following dual takeover

17 Dec 2013

Altice Group CEO Patrick Drahi has revealed that Dominican operators Tricom Telecom and Orange Dominicana will be merged within a seven-month period, once the takeover of the two companies has been finalised. Local news agency Noticias Sin reports that the merged entity will adopt the Orange Dominicana brand name, adding that the new parent company has pledged to invest USD390 million over three years, in order to extend the coverage of fibre-optic and 4G Long Term Evolution (LTE) technology in the country. Drahi has promised to work towards a reduction in prices and a simplification of operations and products. As previously noted, the transaction is subject to regulatory approval from the Dominican Republic’s telecoms watchdog, Instituto Dominicano de las Telecomunicaciones (Indotel).

As previously reported by TeleGeography’s CommsUpdate, in November 2013 Altice Caribbean, a subsidiary of Altice Group, signed an agreement to acquire Dominican integrated telecoms services provider Tricom from its current owner Hispaniola Telecom, a company controlled by Amzak Capital Management and Inversiones Bahia, for USD400 million. In addition, towards the end of the month, Paris-based Orange Group agreed to sell its Orange Dominicana unit to Altice for EUR1.1 billion (USD1.435 billion).

Dominican Republic, Orange Dominicana, Tricom, Altice Group,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share