Altice could flog Dominican Republic business to address debt pile

French telecoms group Altice is planning to sell its business in the Dominican Republic to show it’s serious about whittling down its debt pile, according to a report.
The scoop was grabbed by the FT, which reports that the process of selling Altice Dominican Republic is in an early phase, and so might not happen. Reuters also has sources close to the plans and it reports that Altice is hoping to get around €3 billion from the sale of a business it paid €1.1 billion for in 2013.