Close Gallery
Zoom Picture

Santo Domingo.– Luxembourg-based private equity fund Altice Group  announced that it has implemented bond-heavy financing worth US$1.685 billion to back its parallel acquisitions of Orange Dominicana and an 88% stake in local telecoms provider Tricom.

According to TMT Finance, Altice’s subsidiaries Altice Finco SA and Altice Financing will respectively issue US$400 million and US$1.285 billion in senior and senior secured dollar and euro bond notes. Further, Goldman Sachs is rumoured to be one of the likely underwriters of the process.

In November 2013 Altice Caribbean, a subsidiary of Altice Group, signed an agreement to acquire Dominican integrated telecoms services provider Tricom from its current owner Hispaniola Telecom, a company controlled by Amzak Capital Management and Inversiones Bahia.

In addition, towards the end of the month, Paris-based Orange Group agreed to sell its Orange Dominicana unit to Altice for EUR1.1 billion (US$1.435 billion).

Successful completion of the acquisition is subject to approval from Dominican telecoms watchdog Indotel, and the transaction will be considered by Orange Group’s board of directors during the week commencing 9 December 2013.

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
2 comment(s)
Written by: josean, 7 Dec 2013 9:49 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


"Goldman Sachs is rumoured to be one of the likely underwriters of the process."

GOLDMAN SACHS?

Somebody is going to get Royally Intercoursed!


Written by: christylonge, 18 Jan 2014 11:36 PM
From: United States
do you need a personal or business loan,please kindly fill the form below and return back to us for proceedings.loan is being offer at 3% rate.
e:mail address:drchristainaloanfirminvestment.
telephone number:+2348078366264.

your name:

your occupation:

loan amount needed:

telephone number:

your address:

loan duration:

sex:

age:

monthly salary:

note:your happiness is our joy.
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password