Wind Telecom to invest USD27 million in network upgrades

1 Oct 2013

The Dominican Republic internet, TV and telephony operator Wind Telecom has announced plans to invest USD27 million as part of a capital structure consolidation strategy, local newspaper Dominican Today reports. According to the article, the investment will allow Wind Telecom to upgrade its current 4G services to 4G Long Term Evolution (LTE) technology using 2.5-2.7GHz spectrum, with expected rollout of the network in 2013-2015; Wind Telecom also plans to deploy a fiber optic network. The company is in the process of selecting providers for both projects, and will soon announce its decision.

Further, the Cibao International Airport will join Wind Telecom as a shareholder and member of its Board of Directors. As of October 2013, the other registered shareholders in the telco are the International Financial Corporation (IFC, a member of the World Bank Group), the Central-American Mezzanine Infrastructure Fund (CAMIF) and the Inter-American Investment Corporation (IIC, a member of the Inter-American Development Bank Group).

Dominican Republic, Wind Telecom (Dominican Republic)