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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.

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2 comment(s)
Written by: josean This user is banned, 7 Dec 2013 9:49 AM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

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


Somebody is going to get Royally Intercoursed!

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