Digicel rumoured to have bid for Orange Dominicana

30 Sep 2013

Bloomberg, citing unnamed people with knowledge of the matter, reports that Digicel Group is one of five companies bidding for Orange’s Dominican Republic unit. The sale of Orange Dominicana is expected to occur before the end of 2013, and is likely to generate in the region of EUR1 billion (USD1.3 billion). In July Orange CEO Stephane Richard said that his company was examining the sale of the subsidiary as part of a wider plan to reduce debt, cut costs and restore growth in its home market of France.

Dominican Republic, Altice Dominicana (formerly Orange), Digicel Group, Orange Group