April 9, 2014 / 2:20 PM / 3 years ago

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

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

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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