Diario Libre reports that the Dominican government could receive more than US$360 million (almost RD$15.4 billion) for the sale of Tricom and Orange to Altice as well as money from the merger of the BHD and Leon financial groups, which includes the purchase of the shares of the Spanish bank Sabadell.
The founder of the Altice group, Patrick Drahi, has said that he is happy to have invested US$1.8 billion in the Dominican Republic by purchasing 100% of the shares of Orange and 88% of Tricom and confirmed that the government would receive around 20% of this amount in tax.
Meanwhile, with the merger of the two banks, the state is expected to receive tax on the issue of new capital and for the acquisition of shares from Banco Sabadell.
According to Drahi, the process of ratification by the authorities could take until February after which they will start to offer new services and products for consumers.
www.diariolibre.com/dlenglish/2014/01/07/i428621_dominican-state-receive-rd15-billion-from-sale-tricom-and-orange.html