Tricom Plans to Invest US$31mn This Year

Dominican Republic telco, Tricom plans to invest 1bn pesos (US$31mn) on expansion and quality improvement works this year, local press reported.

Plans include increasing the number of areas in which Tricom offers fixed and mobile telephony, as well as internet and cable television.

The company also plans to open five new branches, in Santo Domingo as well as other locations outside the capital.

To date the firm has invested some US$500mn in the Dominican Republic, according to investor relations VP Ángela Vega.

BNamericas.com"

Posted to the site on 23rd April 2006