Dominican Republic telco Tricom says it plans to invest DOP1 billion (USD31 million) on expansion and upgrade of its networks in 2006, according to BNamericas citing local press reports. Much of the money will be spent expanding coverage of the company’s fixed and mobile networks as it prepares itself for heightened competition following the takeover of its rival Verizon Dominicana by América Móvil.
According to TeleGeography’s GlobalComms Database, Tricom launched services in the Dominican Republic in 1992 and today offers local, long-distance and mobile telephony, and data transmission services including frame relay, VPNs, dedicated lines, dial-up internet and ADSL. Services are provided via its own local access network and a submarine fibre-optic cable to provide international connectivity. Following its USD64 million acquisition of TCN Dominica in 2001 it is also the largest cable television provider in the country.