Altice outlines Dominican Republic investment plans

16 Apr 2015

Luxembourg-based Altice Group has revealed plans to invest DOP6 billion (USD133 million) annually over the next three years to bolster its operations in the Dominican Republic (DR), where it controls mobile operator Orange Dominicana and fixed/mobile provider Tricom. The firm’s CEO Abdelhakim Boubazine told local newspaper Listin that the money will go towards expanding and upgrading its fixed and mobile networks to introduce new technologies and reach remote areas of the country. ‘Our vision is to grow and make long-term investments,’ Boubazine said, adding that Altice is looking to create a regional telecoms hub in the DR and would be open to further local acquisitions. Altice acquired Orange and Tricom last year, and the firms now sit in second place in the country’s fixed and mobile communications markets behind dominant provider Claro.

Dominican Republic, Altice Dominicana (formerly Orange), Altice Europe (formerly Altice Group), Tricom