2001News

Tricom buys Telecable Nacional

Dominican telecommunications company, Tricom announced the purchase of all the shares of Telecable Nacional, the country’s largest cable TV company. Telecable Nacional has cable TV operations in Santo Domingo, Puerto Plata and La Romana, with an estimated 60,000 subscribers. Arturo Pellerano, chairman of TRICOM commented, “The acquisition of TCN has positioned TRICOM to be the leading competitive provider in the high-density metropolitan areas of the Dominican Republic with a bundled package of local, long distance, and mobile telephony, video, and high-speed data services. With the addition of cable TV entertainment to our existing operations, we will be able to provide a full suite of competitive telecommunications services.”