On April 5, the Dominican Telecommunications Institute (Indotel) announced the approval of the transfer of the shares of Orange Dominicana to Altice Republica Dominicana. The approval was notified with Resolution 017-/14 of the Board of Indotel. The merger of Tricom-Orange (approved by the Board of Indotel in Resolution 017-/14) will generate revenues for the Dominican government of more than RD$10 billion. The Altice purchase of Orange Dominicana was reportedly for more than US$1.4 billion. Altice secured the continuing use of the Orange brand for the Dominican market. Prior to the Orange purchase, Altice had purchased majority shares of Tricom.
http://www.indotel.gob.do/index.php/cgblog/2015/INDOTEL-aprueba-traspaso-de-Orange-Dominicana-a-la-multinacional-Altice