Altice to acquire Orange Dominicana for USD 1.4 bln

Wednesday 27 November 2013 | 09:23 CET | News
Investment fund Altice has agreed to acquire Orange's Dominican Republic unit for around USD 1.4 billion (approximately EUR 1.1 billion). The agreement includes the continued use of the Orange brand by Orange Dominicana within a defined framework. The transaction, which is subject to the approval of the Dominican authorities, will be submitted by Orange Dominicana to the Orange board of directors during the week commencing 9 December. Altice also plans to soon finalize an agreement with Dominican Republic business group Grupo Leon Jimenes to join as local partners on its telecom investments

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Altice Europe / Orange Dominicana / Tricom
Countries: Dominican Republic
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Altice finalises Orange-Tricom merger in Dominican Republic

Published 22 Nov 2017 10:44 CET | Dominican Republic
Altice has confirmed the completion of the merger of its Orange Dominicana and Tricom units after watchdog Indotel finally ...

Dominican Republic applies conditions to Orange-Tricom merger

Published 27 Sep 2017 10:46 CET | Dominican Republic
The Dominican Telecommunications Institute (Indotel) announced its approval for Altice's application to merge its Orange ...

Altice applies to merge Orange and Tricom in Dominican Republic

Published 21 Sep 2017 11:22 CET | Dominican Republic
Dominican Telecommunications Institute (Indotel) announced that it's assessing an application from Altice to merge its Orange ...

Indotel approves sale of Orange Dominicana to Altice

Published 08 Apr 2014 08:28 CET | Dominican Republic
Dominican Republic regulator Indotel has approved the acquisition of Orange Domincana by Altice Republica Domnicana. At ...

Tricom sale to Altice approved

Published 10 Mar 2014 16:18 CET | Dominican Republic
The Dominican Institute of Telecommunications (Indotel) approved the sale of Tricom to Altice with no conditions, the regulator ...

Vivendi confirms talks on SFR-Numericable merger

Published 24 Feb 2014 11:49 CET | France
Media and telecom multinational Vivendi has reached an agreement in principle to sell its French mobile and broadband subsidiary ...

Altice sets price range for IPO

Published 21 Jan 2014 08:25 CET | Europe
Cable operator Altice announced a price range for its initial public offering of shares, saying it will raise in total EUR 1.305 ...

Altice acquires Mobius Reunion

Published 20 Jan 2014 15:23 CET | Reunion
Altice has announced the acquisition of ISP Mobius Reunion holder of the IZI and Mobius Technology brands. The operation has ...

Dominica to get USD 360 mln from sale of Tricom, Orange

Published 09 Jan 2014 11:12 CET | Dominican Republic
The Dominican Republic expects to receive USD 360 million in taxes from the sale of Tricom and Orange to Altice, reports Diario ...

Altice to raise EUR 750 mln in Amsterdam IPO

Published 07 Jan 2014 09:14 CET | Western Europe
European cable operator Altice has announced plans to list its shares on the stock market in Amsterdam. The company intends to ...

Altice, aandeelhouder van Numericable, naar de beurs

Published 07 Jan 2014 08:47 CET | Belgium
Het Europese kabelbedrijf Altice maakt bekend dat het zijn aandelen op de Amsterdamse NYSE Euronext beurs gaat aanbieden. Het ...

Tricom to adopt Orange brand after merger

Published 16 Dec 2013 13:07 CET | Dominican Republic
The Tricom brand, owned by Altice, will disappear from the local market and be replaced by Orange Dominicana, once the merger of ...

Altice to launch note issue to finance DR acquisitions

Published 02 Dec 2013 11:55 CET | Dominican Republic
Investment fund Altice's subsidiary Altice Finco plans to launch an offering of USD 400 million in aggregate principal amount of ...

Orange to sell Dominican Republic unit for over EUR 1 bln

Published 22 Nov 2013 23:43 CET | Dominican Republic
Orange is within days of announcing the sale of its Dominican Republic unit for "well over" EUR 1 billion (approximately USD 1.35 ...

Digicel leads bidders for Orange Dominicana - report

Published 05 Nov 2013 12:48 CET | Dominican Republic
Digicel Group has submitted a EUR 1 billion bid for Orange Dominicana and could reach an agreement on the acquisition by the of ...

Altice to acquire Dominican Republic operator Tricom

Published 04 Nov 2013 19:31 CET | Dominican Republic
Cable group Altice's subsidiary Altice Caribbean has agreed to acquire Tricom and Global Interlink (together 'Tricom'), a ...

C&W joins race for Orange Dominicana acquisition - report

Published 31 Oct 2013 20:11 CET | Dominican Republic
Cable & Wireless Communications and Digicel plan to bid for Orange's Dominican Republic unit, the Wall Street Journal reports, ...

Orange to sell Dominican Republic business - report

Published 17 Jul 2013 08:50 CET | Dominican Republic
Orange plans to sell its Dominican Republic business for up to EUR 900 million, as it exits non-core markets to pay down debt, ...