Orange Dominicana and Tricom merge to become Altice Dominicana
The Altice Group has confirmed its acquisition of Orange Dominicana and Tricom, merging the two to become Altice Dominicana.
The news comes after Inodtel, the telecoms regulator for the Dominican Republic, approved its application to acquire the business units, in September, subject to conditions.
The approvals, assets and liabilities of Tricom have now been taken over by mobile operator Orange, with Altice (as one of the condition from Inodtel) having to hand back 30MHz of spectrum allocated to Tricom in the 1900MHz band and reduce the price of interconnection fees.
The newly formed Altice Dominicana will now offer mobile, broadband, cable TV and VoIP services, as well as triple-play services using its fixed line products.
The Altice Group purchased Orange Dominicana back in 2013 for a reported $1.4 billion, with the decision to acquire Tricom for $400 million from Hispaniola Telecom the month before in an attempt to expand its triple-play and wireless business in the Caribbean.
It was last year in May that Altice announced that it would be launching a new single corporate identity in the Dominican Republic reflecting the merging to the two brands.
Commenting on the re-brand, Martin Roos CEO of Altice Hispaniola, said that the revamped logo as “an open road, with no limits, no boundaries, representing the aspirations of the company to continuously innovate and reinvent the future." He added that as Atice Dominicana, the company aims "to be the telecommunications company that gives the best experience of connectivity and entertainment to every Dominican family".