Orange Dominicana to be sold for over 1.35 bln dollars
Santo Domingo.– French telecommunications company Orange is putting the finishing touches on a deal to sell its subsidiary in the Dominican Republic, a transaction that could be worth more than US$1.35 billion, CEO Stephane Richard said Friday at an investor conference.
The French group put its Dominican unit up for sale this summer and the deadline for bids expired in mid-November.
The groups that have expressed interest include Britain’s Cable & Wireless Communications, Jamaica’s Digicel, and Dominican conglomerate Grupo Leon Jimenes, according to sources familiar with the process.
Orange’s Dominican unit, which had 3.3 million wireless subscribers in the third quarter, according to the parent company’s figures, is the French group’s only major asset in Latin America.
Category: DR News |