Altice completes acquisition of Orange Dominicana

Altice completes acquisition of Orange Dominicana April 9, 2014: Altice S.A. (Euronext: ATC) today announces that it has completed the previously announced acquisition of Orange Dominicana SA ("ODO") for approximately $1.4bn (EUR1.0bn). ODO is a mobile operator in the Dominican Republic with 3.3m mobile subscribers. In 2013, it had revenue of EUR446m and EBITDA of EUR173m...

 

Altice completes acquisition of Orange Dominicana

April 9, 2014: Altice S.A. (Euronext: ATC) today announces that it has completed the previously announced acquisition of Orange Dominicana SA ("ODO") for approximately $1.4bn (EUR1.0bn).

ODO is a mobile operator in the Dominican Republic with 3.3m mobile subscribers. In 2013, it had revenue of EUR446m and EBITDA of EUR173m.

The acquisition of ODO, following the acquisition of cable operator Tricom in March, fits perfectly with Altice's strategy of combining both fixed and mobile assets in order to offer quadruple-play services over state-of-the-art communication networks.

This also strengthens Altice's presence in the Caribbean where it already offers pay-TV, broadband and mobile services in Martinique, Guadeloupe and French Guyana.

Contacts:

 

Investor Relations

 

Richard Williams: +44 (0)7946 348939 / [email protected]

 

Media:

 

Havas - Charles Fleming: +33 (0)614 450 522 / [email protected]

 

 

 

About Altice

 

We are a multinational cable and telecommunications company with presence in Western Europe (comprising France, Belgium, Luxembourg, Portugal and Switzerland), Israel, the Dominican Republic and the French Overseas Territories (currently comprising the French Caribbean and the Indian Ocean regions). We provide cable based services (high quality pay television, fast broadband Internet and fixed line telephony) and, in certain countries, mobile telephony services to residential and corporate customers.

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