(Telecompaper) Investment fund Altice has agreed to acquire Orange's Dominican Republic unit for around USD 1.4 billion (approximately EUR 1.1 billion). The agreement includes the continued use of the Orange brand by Orange Dominicana within a defined framework. The transaction, which is subject to the approval of the Dominican authorities, will be submitted by Orange Dominicana to the Orange board of directors during the week commencing 9 December. Altice also plans to soon finalize an agreement with Dominican Republic business group Grupo Leon Jimenes to join as local partners on its telecom investments in the Dominican Republic, including Orange Dominicana and Tricom.