Netherlands-based multi-country telecoms group Altice has unveiled plans to invest DOP33 billion (USD673.1 million) in its Altice Dominicana unit between now and 2022. The investment will support the rollout of around 1,400 LTE-enabled base transceiver stations (BTS), as well as improving the operator’s triple-play product suite. In 2017, Altice notes that it deployed a fibre-to-the-home (FTTH) network passing some 40,000 properties.
The investment plan is something of a surprise given that Altice was linked with a EUR3 billion (USD3.7 billion) sale of Altice Dominicana in November 2017. The divestment – which is part of the group’s strategy to trim its EUR51 billion debt mountain – was reported just days after Altice completed the operational merger of its Orange Dominicana and Tricom business units, creating Altice Dominicana.
TMT Finance, meanwhile, reports that the divestment is still going ahead, with BNP Paribas said to be running the sale. The website notes that the process has so far attracted interest from private equity firms, large investment funds and also a local family.