European Clinches Dominican Teleco

European Clinches Dominican Teleco

Dominican Republic Europe M&A

Orange has agreed to sell its Dominican Republic business to Luxembourg-based telecom Altice for $1.44bn, the two say. Lazard advised Atlice on the transaction. The buyer has committed financing from Goldman Sachs, CFO Dennis Okhuijsen tells LatinFinance, and would likely tap the European bond market for more permanent financing, ideally before the end of the year. The transaction, subject to approval by Dominican Republic authorities, will be submitted to the board of directors of Orange during

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