Deals
Digicel Said to Bid for Orange’s Dominican Republic Division
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Digicel Group Ltd., seeking to expand its position as the Caribbean’s largest phone company, is bidding for Orange SA’s Dominican Republic unit, according to people with knowledge of the matter.
The company run by billionaire Denis O’Brien is one of five bidders interested in Orange Dominicana, which is expected to be sold by the end of the year, said the people, who asked not to be identified because the process in confidential. The sale is expected to generate more than 1 billion euros ($1.3 billion), one of the people said.