22 Nov 2017
Netherlands-based Altice Group has completed the merger of its two Dominican Republic-based telecoms businesses – Orange Dominicana and Tricom – and has relaunched the combined business under the ‘Altice Dominicana’ brand name. The enlarged operator offers mobile, broadband, cable TV and VoIP services, as well as a triple-play solution comprising its fixed line products.
Previously, in September this year the Dominican Telecommunications Institute (Instituto Dominicano de las Telecomunicaciones, Indotel) approved Altice’s merger request. In doing so, the watchdog stipulated that the group must hand back the 30MHz block of 1900MHz spectrum that Tricom had used to support its small-scale CDMA and LTE networks. The merged company was, however, permitted to retain the 850MHz spectrum used by Tricom.
According to TeleGeography’s GlobalComms Database, in November 2013 Altice signed an agreement to acquire full-service telco Tricom from Hispaniola Telecom, a company then controlled by Amzak Capital Management and Inversiones Bahia, for USD400 million. Later that month, Altice agreed to buy mobile operator Orange Dominicana from Paris-based Orange Group for EUR1.1 billion (USD1.435 billion). Despite suggestions that the two businesses would be merged with immediate effect, they continued to trade separately during the ensuing four-year period.