The Dominican Telecommunications Institute (INDOTEL) has approved a restructuring plan for Tricom, which now places most of its shares in the hands of foreign companies. The restructuring plan, originally approved on 21 October, allows for Tricom's main creditors to become the telecommunications company's main stockholders. The new stockholders in the company include Amzak Capital Management, a US based company and Inversiones Bahia Ltd., a Panamanian-based company. Other stockholders will include local investment groups Banco Multiple Leon, Grupo Financiero Nacional and the Leon Jimenes Group.

27 October 2009 - DR1 Daily News