Altice chief executive officer Martin Roos has said he is pleased with the conditions established in Resolution No. 77-17 by the Dominican Telecommunications Institute (Indotel) upon authorizing the merge of Orange and Tricom in the Dominican Republic. The resolution authorized Altice keep the 30 megahertz spectrums each that had been already authorized to Orange and Tricom.
Roos said that in 2014 when Altice completed the purchase of both companies US$225 million in taxes were paid to the government for the sale of the shares and they from day one had told Indotel about the intention to merge both companies.
Resolution No. 77-17 establishes that the company invest RD$625 million to guarantee the expansion over a three-year period of wide bandwidth mobile service in the southern provinces — Bahoruco, Barahona, Dajabón, Elías Piña and Pedernales. Altice will also make a three-year contribution of RD$4 million per year to the Indotel/ITLA Academic Excellence fund. The company also commits to install 600 public wi-fi points throughout a three year period in places chosen by Indotel.
Roos told Diario Libre that the merge now puts the company in a competitive position with Claro, the market leader. Grupo Altice has 41% of mobile phone service, and 20-25% of fixed lines, Internet and cable TV.
Read more in Spanish:
Indotel
Diario Libre
4 December 2017
