Background

In 1988, Zona Franca de San Isidro spawned San Isidro Teleport, which was later renamed Tricom. In 1990, the company had reached an agreement with the Dominican Republic to provide communications services nationwide.

On May 20, 1992, the company began to implement "Long Distance Call Centers", entering the business of the international long distance services.

In 1993, Tricom sold Motorola

Motorola

Motorola, Inc. was an American multinational telecommunications company based in Schaumburg, Illinois, which was eventually divided into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011, after losing $4.3 billion from 2007 to 2009...

 a 40% stake in the company with a goal of improving their local and international infrastructure.

On November 17, 1994, Tricom and CODETEL connected their telephone exchanges, allowing a massive installation of residential lines. Following is the implementation of pagers, paging services, and mobile products. In 1995 the first long distance prepaid card, "Efectiva", was made public.
In 1996, Tricom implemented Motorola's Digital Telephone services which allowed installation of residential and business lines in just 48 hours. Amigo, the country's first prepaid wireless provider, is launched in 1997. Meanwhile, TRICOM USA is created to offer long distance services to the Hispanic community in New York

New York

New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

.

In 1998, Tricom placed 5,700,000 shares of common stock

Stock

The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...

 in the New York Stock Exchange (NYSE)

New York Stock Exchange

The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...

, becoming the first Dominican company to be listed in the U.S. stock market.

In 1999, the company achieved 300 thousand customers and become the leader in mobile communications in addition to servicing 68% of the country's landlines.

In 2004, the company was delisted from the NYSE.