LUXEMBOURG: Altice announced that it has reached an agreement with Orange SA to purchase 100 percent of Orange Dominicana S.A. for approximately USD 1.4 billion. Such agreement includes the continued use of the Orange brand by Orange Dominicana within a defined framework.
The transaction, which is subject to the approval of the Dominican authorities, will be submitted to the Board of Directors of Orange for approval during the week commencing December 9, 2013.
Following its announced acquisition on October 31, 2013 of cable operator Tricom, the acquisition of Orange Dominicana fits perfectly with Altice's strategy of combining both fixed and mobile assets in order to offer quadruple-play services over state-of-the-art communication networks.
With Orange Dominicana and Tricom having a combined total subscriber base of approximately 4.0 million, Altice will be in a stronger position to accelerate the upgrade and deployment of nationwide networks which can provide attractive television, high-speed broadband and telephony services over both fixed and mobile networks.
The Orange Dominicana transaction also strengthens Altice's presence in the Caribbean where it offers pay-TV, high-speed broadband and mobile services in Martinique, Guadeloupe and French Guyana.