América Móvil to invest $600m in Dominican Republic

América Móvil to invest $600m in Dominican Republic

América Móvil has announced it will invest $600m in the Dominican Republic over the next three years.

Mexico’s América Móvil has announced it will invest $600 million in its Dominican Republic unit, Claro Dominicana, over the next three years, América Móvil CEO Daniel Hajj said to local daily Listin Diario.

The announcement was made immediately after a meeting between Hajj and Dominican President Danilo Medina.

"The Dominican Republic is currently the fastest growing country, and we will continue investing," Hajj said. He also said that the company would invest $200 million a year in the roll out of broadband and LTE networks.

In February this year the three big telcos, Claro, Dominicana/Altice, Orange and Trilogy Dominicana, announced investments of more than $400 million to be made in 2016.

Claro is the market leader, followed by Orange Dominicana/Altice and Trilogy Dominicana.

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