Altice to invest USD 655 mln in Dominican Republic by 2024

News General Dominican Republic 21 NOV 2019
Altice to invest USD 655 mln in Dominican Republic by 2024
Altice is set to invest around DOP 35 billion (some USD 655 million) in the Dominican Republic from 2019 to 2024, reports local daily El Nacional, citing Altice Dominicana CEO Ana Figueiredo. The chief executive said the investment is evidence of Altice’s “commitment to the digital transformation of the country” and will allow the company to further boost a fibre-optic network that currently reaches 1.5 million homes and businesses via 8,000 km of cable. The company also has an LTE network covering 98 percent of the local population via 1,600 antennas.

Altice Dominicana recently reported 9-month revenues of EUR 419.7 million, down from EUR 447.0 million a year earlier. The company currently has 3.1 million mobile customers, around 35 percent of the market, plus 288,540 fixed lines, corresponding to 23 percent of the country’s total.


 

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