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Dominican telecoms fear Altice’s ‘economic control’

Santo Domingo.- The telecoms Claro and Viva filed a challenge against the Dominican Telecom Institute’s authorization to sell Orange Dominicana to Altice, but the regulator rejected both proposals.

Claro and Viva objected to the transaction claiming that Altice seeks an economic control over the telecom sector, since it had already bought a majority stake (80%) in Tricom.

They note that the economic concentration would violate rules of free enterprise and is tantamount to unfair competition in the sector.

Altice has announced that Orange will absorb Tricom, which boosts its second position it the market headed by Claro, owned by Mexican tycoon Carlos Slim.

Claro and Viva also affirmed separately that they weren’t given access to all the documents in the deal, since Altice requested confidentiality from Indotel, which discarded both objections.

Source: DT

Category: DR News |

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Last updated October 20, 2016 at 5:23 PM
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