América Móvil invests US$600m in Dominican Republic

By:
Bill Boyle
Published on:

Mexico’s América Móvil has announced it will invest US$600m in its Dominican Republic unit over the next three years

Mexico’s América Móvil has announced it will invest US$600m in its Dominican Republic unit, Claro Dominicana, over the next three years, América Móvil CEO, Daniel Hajj, said to local daily Listin Diario recently.

The announcement was made immediately after a meeting between Hajj and Dominican President Danilo Medina.

"The Dominican Republic is currently the fastest growing country, and we will continue investing," Hajj said. He also said that the company would invest US$200mn a year in the roll out of broadband and LTE networks.

In February this year the three big telcos, Claro, Dominicana/Altice, Orange and Trilogy Dominicana, announced investments of more than US$400mn to be made in 2016.

Claro is the market leader, followed by Orange Dominicana/Altice and Trilogy Dominicana.

América Móvil has announced it will invest US$600mn in the Dominican Republic over the next three years.

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