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                                                                    EXHIBIT 99.2

              TRICOM ANNOUNCES RESIGNATION OF CHAIRMAN OF THE BOARD

SANTO DOMINGO, Dominican Republic, Nov. 10 -- Tricom, S.A. (NYSE: TDR - News)
today announced that Arturo Pellerano has tendered his resignation as a member
and chairman of the board of directors of Tricom, effective immediately.

Pellerano cited the demands of his other business interests, including
addressing recent allegations of improprieties related to Bancredito, a formerly
GFN-owned commercial bank, as the reasons for his resignation. Pellerano is the
chairman and principal shareholder of GFN Corporation, Ltd., which in turn is
Tricom's largest shareholder. The search for a replacement is under way. No
interim chairman has been named.

On October 30, 2003, Pellerano resigned from his position as Chief Executive
Officer of Tricom and was replaced by Carl Carlson, former Chief Operating
Officer. The Company is consolidating its management structure as part of its
overall financial restructuring and corporate turnaround plan.

The Company also announced the resignation from the board of directors of Felipe
Mendoza, a director of the Company and former Chief Executive Officer of
Bancredito, effective immediately. Mr. Mendoza had been a director of Tricom
since 1997. No replacement has been named.

About TRICOM

Tricom, S.A. is a full service communications services provider in the Dominican
Republic. The Company offer 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 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

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more 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 (809) 476-4044 / 4012
     E-mail: investor.relations@tricom.net

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.