Altice Finco SA intends to launch an offering of USD400m in aggregate principal amount of senior notes and its subsidiary Altice Financing SA intends to launch an offering of USD1,285m equivalent in aggregate principal amount of dollar and euro senior secured notes.
Proceeds of the notes are expected to be used to finance its previously announced acquisition of 88 per cent of Tricom S.A. and Global Interlinks, which Altice entered into an agreement to acquire on 31 October, and its previously announced acquisition of a majority ownership in Orange Dominicana (ODO), which Altice entered into an agreement to acquire on 26 November 2013.
ODO provides mobile telephony and wireless broadband services to residential customers in the Dominican Republic and fixed and mobile voice and data services to business customers.
Tricom provides pay television, broadband Internet and fixed-line telephony services as well as mobile telephony services in the Dominican Republic.
