Orange in talks to sell Dominican Republic subsidiary

25 November 2013 | Kavit Majithia


Orange is in talks to sell off its telecoms network in the Dominican Republic for over €1 billion to telecoms and media private equity group Altice.

Altice, based in Luxembourg, recently acquired a large stake in Numericable in France and is progressing with talks to acquire Orange’s Caribbean business in an auction, according to the Financial Times.

Orange Dominicana serves a small population of approximately 12 million, but reportedly generates a lot of roaming revenue from tourists and the business community.

Reports suggest that Digicel and UK-based Cable & Wireless Communications have also expressed an interest in acquiring the group.

Both groups compete directly in many parts of the region, but have reportedly not made a bid for Orange Dominicana at this stage.

The group has an enterprise value of over €1 billion, but the deal with Altice is still at an early stage.

According to Stéphane Richard, CEO at Orange, a sale in the Dominican Republic reflects “very attractive conditions, well above what was expected”.