Orange closes $1.4 billion sale of Dominican Republic unit to Altice

PARIS Wed Apr 9, 2014 10:18am EDT

The logo of French telecom operator Orange is seen during the company's 2013 annual results presentation in Paris March 6, 2014. REUTERS/Jacky Naegelen

The logo of French telecom operator Orange is seen during the company's 2013 annual results presentation in Paris March 6, 2014.

Credit: Reuters/Jacky Naegelen

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PARIS (Reuters) - French telecom operator Orange (ORAN.PA) said on Wednesday it had finalized the sale of its Dominican Republic business to cable group Altice (ATCE.AS).

Orange announced the $1.4 billion deal last November as part of a drive to cut debt and focus on core markets.

(Reporting by Natalie Huet, editing by David Evans)

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