In an interview in the Hoy newspaper, the former president of Codetel, Ernest Burri said that the GTE division in the Dominican Republic reaped a 16% net profit last year, or RD$1,700 million. GTE has an investment in the Dominican Republic through Codetel of RD$11,000 million. Burri retired last year and now sits on the board of Codetel, the largest telephone company in the D.R. He recently chose to retire early from GTE and remain in the Dominican Republic. At present, he heads a consortium of banks that seeks to capitalize the Dominican electricity utility in order to definitely solve its problems.
