Tricom Announces Sale of Its Central American Trunking Assets

Tricom Announces Sale of Its Central American Trunking Assets 


SANTO DOMINGO, Dominican Republic, Feb. 19  /PRNewswire-FirstCall/ -- Tricom,
S.A.  today announced that it has sold its Central American trunking assets to a
group of Panamanian investorsfor a purchase price of approximately $12.5
million payable in stages. Estimated net proceeds, after transaction expenses
and liabilities directly related with Central America, will total approximately
$9 million. Receipt of a portion of the expected net proceeds is contingent on
satisfaction of customary closing conditions including all necessary regulatory
approvals. The sale also supports the Company's drive to increase operating
efficiency and improve its competitive performance.

"The sale of our Central American assets is part of our continuing strategy to
maximize and grow the value of our core businesses," said Carl Carlson, Tricom's
Chief Executive Officer. "This transaction advances our objectives of focusing
our efforts and resources on areas with the greatest potential for long-term
growth and to improve our overall competitiveness."

Lehman Brothers advised the Company in the sale, which has been approved by the
Company's Board of Directors. The investor group has assumed ownership of all of
the Company's assets in Central America, which include Tricom's digital trunking
network in Panama, as well as the Company's radio frequency rights in Guatemala
and El Salvador.

About TRICOM

Tricom, S.A. is a full service communications services provider in the Dominican
Republic. The Company offers local, long distance, mobile, cable television and
broadband data transmission and Internet services. Through Tricom USA, the
Company is one of the few Latin American-based long-distance carriers that is
licensed by the U.S. Federal Communications Commission to own and operate
switching facilities in the United States. Through its subsidiary, TCN
Dominicana, S.A., the Company is the largest cable television operator in the
Dominican Republic based on its number of subscribers and homes passed. For more
information about Tricom, please visit http://www.tricom.net/

Cautionary Language Concerning Forward-Looking Statements

Statements in this press release that are not strictly historical in nature are
forward-looking statements. These statements are only predictions based on
current information and expectations and involve a number of risks and
uncertainties. Actual events or results may differ materially due to various
factors. Factors which may cause actual results to differ materially from those
discussed herein include economic considerations that could affect demand for
telecommunications services and the ability of the Company to make collections,
inflation, regulatory factors, legal proceedings, exchange controls and
occurrences in currency markets, competition, and the risk factors set forth in
the Company's various filings with the Securities and Exchange Commission,
including its most recently filed Annual Report on Form 20-F.The Company
undertakes no obligation to revise these forward-looking statements to reflect
events or circumstances after the date hereof.

  For Further Information Contact:
  Miguel Guerrero, Investor Relations
  Ph [phone] / 4012
  E-mail: 



For additional information, please visit Tricom's Investor Relations website at
http://www.tdr-investor.com/ or contact our Investor Relations department at the
above numbers. 

DATASOURCE: Tricom, S.A.



CONTACT:  Miguel Guerrero, Investor Relations of Tricom, [phone]

or 4012, or 



Web site:  http://www.tricom.net/

http://www.tdr-investor.com/ 

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