6-K

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FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of: September 2, 2003

TRICOM, S.A.
(Translation of registrant's name into English)

Avenida Lope de Vega No. 95, Santo Domingo, Dominican Republic
(Address of principal executives offices)

        Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F    ý    Form 40-F    o

        Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes    o    No    ý

        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            

        TRICOM, S.A. issued a press release on September 2, 2003 announcing second quarter results, a copy of which is attached as Exhibit 99.1. TRICOM, S.A. issued a press release on September 2, 2003 announcing non-payment of interest on TRICOM, S.A.'s 11³/8% senior notes and selection of financial adviser, a copy of which is attached as Exhibit 99.2. Each press release is incorporated by reference into this Form 6-K.

Exhibits.

        The following exhibits are filed with this report:

        99.1 — Press Release of TRICOM, S.A., dated September 2, 2003, announcing second quarter results.

        99.2 — Press Release of TRICOM, S.A., dated September 2, 2003, announcing non-payment of interest on TRICOM, S.A.'s 11³/8% senior notes and selection of financial adviser.

[Signature on following page.]

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TRICOM, S.A
Dated: September 2, 2003	By:	/s/  CARL H. CARLSON Carl H. Carlson Executive Vice President, Chief Operating Officer, Member of the Office of the President and Treasurer

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SIGNATURES

EX-99.1

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Exhibit 99.1

TRICOM ANNOUNCES SECOND QUARTER RESULTS

        (Santo Domingo, Dominican Republic, September 2, 2003) Tricom, S.A. (NYSE:TDR) today announced consolidated unaudited financial results for the second quarter and first six months of 2003. Operating revenues totaled $52.5 million for the 2003 second quarter, a decrease of 21.4 percent from the 2002 second quarter. For the first six months, operating revenues totaled $110.9 million, a 15.2 percent decrease from the year-ago-period. Adjusted EBITDA totaled $14.6 million for the 2003 second quarter and $31.4 million for the first six months, compared to Adjusted EBITDA of $20.8 million and $42.2 million for the second quarter and first six months of 2002, respectively. Net loss for the 2003 second quarter was $21.0 million, or $0.33 per share, and $40.0 million, or $0.62 per share, during the first six months of the year.

        Total debt, including capital leases and commercial paper, amounted to $465.7 million at June 30, 2003, compared to $525.6 million at June 30, 2002 and $467.6 million at December 31, 2002. Net debt totaled $446.0 million at June 30, 2003. The Company's net cash provided by operating activities totaled $9.9 million for the first six months of 2003 compared to $4.0 million for the first six months of 2002. Capital expenditures were $5.3 million during the 2003 second quarter and $10.1 million during the first six months of 2003, representing a 75.3 percent quarter-over-quarter and 74.5 percent year-over-year reduction, reflecting the Company's continued policy of rationalizing its resources. Due to the significant reduction in capital expenditures, lower operating expenses, and tight management of cash, the Company achieved its goal of reaching free cash flow breakeven during the first half of the year. The Company's free cash flow totaled $112,000 during the first six months of 2003 compared to a free cash flow deficit of $28.6 million during the first six months of 2002.

        The Company's operating results principally reflect the impact of currency devaluation affecting the translation of Dominican peso generated revenues into U.S. dollars. The value of the Dominican peso against the U.S. dollar declined by approximately 39 percent and 52 percent during the three-month and six-month periods ended June 30, 2003, respectively. For the twelve-month period ended June 30, 2003, the Dominican peso depreciated by approximately 91 percent in value with respect to the U.S. dollar. The inflation rate, as reported by the Central Bank of the Dominican Republic, was approximately 17 percent for the six-month period ended June 30, 2003, compared to approximately 2 percent for the six-month period ended June 30, 2002.

        Long distance revenues grew by 1.9 percent to $24.3 million in the 2003 second quarter and by 4.5 percent to $49.2 million for the first six months of 2003. The revenue increase resulted primarily from strong international traffic volume derived from the Company's U.S.-based wholesale and retail operations. The increase in long distance revenues was offset in part by a decrease in revenues from outbound international and domestic long distance generated by the Company's Dominican Republic operations primarily due to currency devaluation. For the first six months of 2003, U.S. dollar-denominated international business revenues represented approximately 41 percent of the Company's total operating revenues, providing a strong hedge against domestic currency depreciation.

        Domestic telephony revenues totaled $15.7 million in the 2003 second quarter, a 29.1 percent decrease from the 2002 second quarter. For the first six months, domestic telephony revenues totaled $32.7 million, a 24.4 percent year-over-year decrease. The decrease in domestic telephony revenues was primarily the result of the devaluation of the Dominican peso. Total lines in service at June 30, 2003 decreased 26.0 percent to approximately 140,000 compared to total lines in service at June 30, 2002. The decrease in lines in service reflects the Company's previously announced strategy of focusing on

high-usage customers and disconnecting low-usage subscribers, primarily during the second half of 2002, in order to maximize the return on its existing assets and resources.

        Mobile revenues totaled $8.1 million in the 2003 second quarter and $19.2 million in the first half of 2003, a decrease of 32.6 percent quarter-over-quarter and 19.4 percent year-over-year. The decrease in 2003 second quarter mobile revenues was primarily due to devaluation of the Dominican peso combined with a $1.7 million reclassification of commissions from expenses to revenues in accordance with Staff Accounting Bulletin (SAB 101) "Revenue Recognition" issued by the Securities and Exchange Commission (SEC). Cellular and PCS subscribers totaled approximately 425,000 at June 30, 2003, a 6.7 percent increase from June 30, 2002.

        Cable revenues totaled $3.6 million in the 2003 second quarter, a 38.0 percent decrease from the year-ago period. For the first six months, cable revenues totaled $7.5 million, a 31.5 percent decrease from the year-ago-period. The decrease in cable revenues is primarily the result of currency devaluation coupled with higher customer churn. Cable subscribers totaled approximately 65,000 at June 30, 2003, a 6.9 percent decrease year-over-year.

        Data and Internet revenues totaled $796,000 in the 2003 second quarter and $2.3 million in the first six months, representing a 70.3 percent quarter-over-quarter and 56.7 percent year-over-year decrease. The decrease in data and Internet revenues is attributable to the devaluation of the Dominican peso coupled with the cancellation by the Company of its government contract to provide broadband satellite Internet access to every public high school in the Dominican Republic.

        Consolidated operating costs and expenses totaled $57.9 million in the 2003 second quarter and $120.3 million in the first six months, representing a 12.4 percent quarter-over-quarter and 6.5 percent year-over-year decrease. The decrease in operating costs and expenses reflect expense control efforts, the elimination of expenses in lieu of income taxes, as well as the effect of currency devaluation on Dominican peso denominated expenses. The decrease in consolidated operating costs and expenses was partially offset by increased depreciation and amortization charges and higher cost of sales and services.

        Cost of sales and services increased by 5.5 percent to $22.8 million during the 2003 second quarter and increased by 6.9 percent to $45.2 million during the first six months, primarily as a result of higher transport and interconnection charges and fees paid for cable signals and programming content. Selling, general and administrative (SG&A) expenses decreased by 35.9 percent to $16.0 million in the 2003 second quarter and by 25.4 percent to $36.0 million for the first six months. As a percentage of total operating revenues, SG&A expenses decreased to 30.6 percent in the 2003 second quarter and 32.5 percent for the first six months of 2003, compared to 37.5 percent and 36.9 percent respectively in the year-ago-periods.

        Interest expense totaled $16.3 million in the 2003 second quarter compared with $16.0 million in the prior year quarter, and totaled $31.8 million for the first six months of 2003 compared to $29.7 million during the first six months of 2002. The increases were due primarily to lower interest capitalization, higher average cost of Dominican peso denominated debt resulting from recent monetary restrictions imposed by Dominican banking authorities, general economic conditions and other factors.

About TRICOM

        Tricom, S.A. is a full service communications services provider in the Dominican Republic. We offer local, long distance, mobile, cable television and broadband data transmission and Internet services. Through Tricom USA, we are 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 our subsidiary, TCN Dominicana, S.A., we are the largest cable television operator in the Dominican Republic based on our number of subscribers and homes passed. We also

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offer digital mobile integrated services including two-way radio and paging services in Panama using iDEN® technology. For more information about Tricom, please visit www.tricom.net

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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 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.

(Six tables to follow)

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TRICOM, S.A. AND SUBSIDIARIES
Selected Economic, Financial and Operating Data (unaudited)
(In US$)

	2Q'02			1Q'03		2Q'03		Sequential % Chng.		Y-o-Y % Chng.
Economic Statistics (1)
Consumer price index (12-month aggregate)		4.1	%	18.7	%	26.1	%
Consumer price index year-to-date		2.2	%	9.3	%	16.6	%
Exchange rate (at period end)	$	17.90		24.65		34.21		38.8	%	91.1	%
Avg. period exchange rate (2)	$	17.45		23.80		27.75		16.6	%	59.0	%
Selected Financial Data
Adjusted EBITDA	$	20,810,829		16,835,076		14,604,033		-13.3	%	-29.8	%
Capital expenditures, including capital leases	$	21,381,556		4,860,598		5,272,160		8.5	%	-75.3	%
Total employees (at period end)		1,573		1,526		1,605		5.2	%	2.0	%
Selected Operating Data
Lines in service (at period end)		188,741		147,472		139,590		-5.3	%	-26.0	%
Avg. revenue per line in service	$	38.89		37.26		37.26		0.0	%	-4.2	%
Avg. monthly churn rate		1.2	%	2.8	%	2.9	%
Cellular & PCS subscribers (at period end) (3)		398,212		432,058		424,755		-1.7	%	6.7	%
Minutes of use (in 000s)		56,857		64,704		64,113		-0.9	%	12.8	%
Avg. revenue per user (blended)	$	9.03		6.58		4.45		-32.4	%	-50.7	%
Avg. monthly churn rate		4.2	%	3.6	%	4.2	%
Digital trunking subscribers (at period end) (4)		1,970		9,394		10,160		8.2	%	415.7	%
Avg. revenue per user	$	82.25		58.67		48.56		-17.2	%	-41.0	%
Avg. monthly churn rate		0.0	%	50.0	%	2.6	%
Cable subscribers (at period end)		70,215		68,118		65,343		-4.1	%	-6.9	%
Avg. revenue per equivalent cable subscriber	$	18.52		14.79		13.91		-6.0	%	-24.9	%
Avg. monthly churn rate		1.9	%	5.1	%	4.5	%
Data/Internet subscribers (at period end)		10,664		10,577		11,425		8.0	%	7.1	%
Paging subscribers		10,023		8,169		5,612		-31.3	%	-44.0	%
Long distance minutes (in 000s) (5)		269,282		312,083		292,485		-6.3	%	8.6	%

(1)    Source: Dominican Republic Central Bank

(2)    Represents exchange rate used by the Company to translate its Dominican Peso revenues into U.S. dollars

(3)    Represents cellular and PCS subscribers in the Dominican Republic

(4)    Represents mobile subscribers in Panama.

(5)    Includes inbound, outbound and domestic long distance minutes.

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TRICOM, S.A. AND SUBSIDIARIES
Consolidated Balance Sheets
(In US$)

				December 31, 2002			June 30, 2003
				(Audited)			(Unaudited)
Assets
Current assets
	Cash on hand and in banks			$	6,080,303		$	4,291,787
	Accounts receivable:
		Customers			26,253,107			20,613,562
		Carriers			3,806,849			7,339,759
		Others			2,848,287			2,024,575
					32,908,243			29,977,896
		Allowance for doubtful accounts			(7,763,109	)		(6,919,730	)
			Accounts receivable, net		25,145,134			23,058,166
		Inventories, net of allowances			3,937,678			2,439,710
		Certificates of deposits			15,900,710			15,358,430
		Prepaid expenses			7,099,415			3,656,116
		Deferred income taxes			1,307,870			1,307,870
			Total current assets		59,471,110			50,112,079
	Mortgage investments				463,542			611,034
	Property and equipment, net				668,120,192			640,704,085
	Intangible assets				6,946,978			6,946,978
	Goodwill, net of amortization				21,914,327			21,914,327
	Other assets at cost, net of amortization				25,312,934			23,392,745
				$	782,229,083		$	743,681,248

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TRICOM, S.A. AND SUBSIDIARIES
Consolidated Balance Sheets (cont.)
(In US$)

			December 31, 2002			June 30, 2003
			(Audited)			(Unaudited)
Liabilities and Stockholders' Equity
Current liabilities
	Notes payable:
		Borrowed funds	$	38,609,926		$	36,214,802
		Commercial paper		9,907,583			19,559,354
		Current portion of long-term debt		30,724,888			42,008,571
				79,242,397			97,782,727
	Current portion of capital leases			2,738,413			4,186,102
	Accounts payable:
		Carriers		11,032,780			15,230,790
		Suppliers		15,746,551			16,297,788
		Others		7,384,780			2,934,203
				34,164,111			34,462,781
	Other liabilities			14,910,246			13,421,071
	Accrued expenses			17,837,390			22,782,161
		Total current liabilities		148,892,557			172,634,842
Reserve for severance indemnities				675,742			307,393
Deferred income tax				1,691,779			1,691,779
Commercial paper				41,708,647			43,716,166
Capital leases, excluding current portion				11,792,908			10,345,219
Long-term debt, excluding current portion				332,082,076			309,633,546
		Total liabilities		536,843,709			538,328,945
Stockholders' equity:
	Class A Common Stock at par value RD$10: Authorized 55,000,000 shares; 45,458,041 shares issued at December 31, 2002 and June 30, 2003			24,951,269			24,951,269
	Class B Stock at par value RD$10: Authorized 25,000,000 shares at December 31, 2002 and June 30, 2003; 19,144,544 issued at December 31, 2002 and June 30, 2003			12,595,095			12,595,095
	Additional paid-in-capital			275,496,964			275,496,964
	Retained loss			(65,634,197	)		(105,667,268	)
	Other comprehensive income-foreign currency translation			(2,023,757	)		(2,023,757	)
		Stockholders equity, net		245,385,374			205,352,303
			$	782,229,083		$	743,681,248

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TRICOM, S.A. AND SUBSIDIARIES
Consolidated Statement of Operations (Unaudited)
(In US$)

			Three Months Ended March 31,						Six Months Ended March 31,
			2002			2003			2002			2003
			(Restated)						(Restated)
Operating revenues:
	Long distance		$	23,868,110		$	24,312,850		$	47,032,957		$	49,161,803
	Domestic telephony			22,117,298			15,683,548			43,266,819			32,699,361
	Mobile			12,049,940			8,125,532			23,796,940			19,169,888
	Cable			5,740,767			3,557,124			10,995,857			7,528,132
	Data and Internet			2,677,802			796,148			5,389,882			2,331,637
	Other			278,184			4,801			300,279			7,921
		Total operating revenues		66,732,101			52,480,003			130,782,734			110,898,742
Operating costs and expenses:
	Cost of sales and services			21,586,094			22,771,822			42,284,654			45,201,671
	Depreciation and amortization			16,844,862			19,107,264			33,418,930			39,102,060
	Expense in lieu of income taxes			2,627,796			—			4,681,899			—
	Selling, general and administrative expenses			25,037,992			16,042,712			48,285,865			36,029,968
		Total operating costs and expenses		66,096,744			57,921,798			128,671,348			120,333,699
		Operating income		635,357			(5,441,795	)		2,111,386			(9,434,957	)
Other income (expenses):
	Interest expense			(16,039,511	)		(16,338,563	)		(29,671,124	)		(31,798,431	)
	Interest income			489,053			492,326			968,718			774,795
	Foreign currency exchange gain (loss)			(129,169	)		606,880			47,334			1,373,903
	Other, net			(84,520	)		331,684			288,997			398,103
		Other expenses, net		(15,764,147	)		(14,907,673	)		(28,366,075	)		(29,251,630	)
		Loss before income taxes and minority interest		(15,128,790	)		(20,349,468	)		(26,254,689	)		(38,686,587	)
	Income taxes, net			(20,084	)		(666,549	)		(157,078	)		(1,346,584	)
		Loss before minority interest		(15,148,874	)		(21,016,017	)		(26,411,767	)		(40,033,171	)
	Minority interest			916,503			—			1,629,153			—
		Net loss	$	(14,232,371	)	$	(21,016,017	)	$	(24,782,614	)	$	(40,033,171	)
		Loss per common share:
		Loss before minority interest	$	(0.35	)	$	(0.33	)	$	(0.61	)	$	(0.62	)
		Minority interest		0.02			—			0.04			—
		Loss per common share	$	(0.33	)	$	(0.33	)	$	(0.57	)	$	(0.62	)
Average number of common shares used in calculation				43,390,464			64,602,585			43,390,464			64,602,585

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TRICOM, S.A. AND SUBSIDIARIES
Consolidated Statement of Cash Flows
(Unaudited)
(In US$)

					Six Months ended June 30,
					2002			2003
Cash flows from operating activities:
	Net loss				$	(24,782,614	)	$	(40,033,171	)
	Adjustments to reconcile net loss to net cash provided by operating activities:
		Depreciation				32,258,517			36,917,214
		Allowance for doubtful accounts				2,184,411			678,172
		Deferred income tax, net				157,081			—
		Amortizations				—			2,184,846
		Minority interest				(1,629,153	)		—
		Net changes in assets and liabilities:
			Accounts receivable			(3,952,343	)		1,408,796
			Inventories			354,759			2,129,619
			Prepaid expenses			2,014,945			3,443,299
			Other assets			(2,793,753	)		(264,657	)
			Accounts payable			(2,191,968	)		298,670
			Other liabilities			278,183			(1,489,175	)
			Accrued expenses			2,638,994			4,944,871
			Reserve for severance indemnities			(513,067	)		(368,349	)
				Total adjustments		28,806,606			49,883,306
Net cash provided by operating activities					$	4,023,992		$	9,850,135
Cash flows from investing activities:
	Cancellation of investments				$	3,526,460		$	394,788
	Acquisition of property and equipment					(39,685,491	)		(10,132,758	)
	Sale of property and equipment					3,527,433			—
		Net cash used in investing activities				(32,631,598	)		(9,737,970	)
Cash flows from financing activities:
	Borrowed (paid) funds					(23,574,596	)		(2,395,124	)
	Payments of capital lease obligations					(2,175,003	)		—
	Issuance of commercial paper					26,038,922			11,659,290
	Payments of long-term debt					(22,871,378	)		(11,164,847	)
	Proceeds from issuance of long term debt					49,986,026			—
		Net cash provided by (used in) financing activities				27,403,971			(1,900,681	)
Net increase in cash on hand and in banks						(1,203,635	)		(1,788,516	)
Cash on hand and in banks at beginning of the period						12,576,050			6,080,303
Cash on hand and in banks at end of period					$	11,372,415		$	4,291,787

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Non-GAAP and Other Financial Measures

        This press release includes a discussion of the Company's historical financial results using certain non-GAAP financial measures, including EBITDA, Adjusted EBITDA, Free Cash Flow and Net Debt. Investors, analysts, valuation firms and lenders, also frequently use these measures although their definitions may vary. A "non-GAAP financial measure" is defined as a numerical measure of a company's performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles ("GAAP"). Pursuant to the requirements of Regulation G, the Company has included in its press release a reconciliation of all non-GAAP financial measures disclosed in the press release to the most directly comparable GAAP financial measure.

        EBITDA is defined as earnings (loss) before interest, taxes, depreciation and amortization. Adjusted EBITDA is defined as earnings (loss) before interest, taxes, depreciation and amortization, adjusted to exclude non-cash charges and expenses not included within the accepted definition of EBITDA, but which management believes their exclusion provides a more appropriate measure of the Company's operating performance and liquidity.

        Until September 1, 2002, we made payments to the Dominican government in lieu of income taxes. As a result, we calculated Adjusted EBITDA prior to the deduction of payments to the Dominican government in lieu of income taxes. Our calculation of Adjusted EBITDA also adds impairment charges, which are non-cash charges related to fixed and intangible assets. Adjusted EBITDA is the primary basis used by our management to measure the operational strength and performance of all of our operating segments and units. The Company believes Adjusted EBITDA provides meaningful additional information on our performance and on our ability to service our long-term debt and other obligations, and to fund capital expenditures. Because we use Adjusted EBITDA as the measure to evaluate the performance of our core businesses, we reconcile it to net earnings (loss), the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles.

        We define Free Cash Flow as cash provided by operating activities less cash provided by investing activities. We believe Free Cash Flow is a non-GAAP measure as contemplated by Regulation G. We believe that Free Cash Flow provides useful information about the amount of cash our business is generating after interest and capital expenditures for reinvesting in the business.

        We define Net Debt as the total aggregate amount of our consolidated debt (short and long term), including capital lease obligations, less cash on hand and in banks and short-term investments. We believe Net Debt is a non-GAAP measure as contemplated by Regulation G. Management believes that the presentation of Net Debt provides useful information about the Company's ability to satisfy its debt obligations with currently available funds.

        EBITDA, Adjusted EBITDA and Free Cash Flow should not be considered as substitutes for operating income (loss), net income (loss), net cash provided by operating activities or other measures of performance or liquidity reported in accordance with GAAP. Net Debt should not be considered a substitute for total debt.

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        A quantitative reconciliation of EBITDA, Adjusted EBITDA, Free Cash Flow and Net Debt follows:

TRICOM, S.A. AND SUBSIDIARIES
Reconciliation of Non-GAAP Financial Measures
(In US$)

			Three Months Ended June 30,					Six Months Ended June 30,
			2002			2003		2002			2003
Adjusted EBITDA Reconciliation
Add (subtract):
	Net loss		$	(14,232,371	)	(21,016,017	)	$	(24,782,614	)	(40,033,171	)
	Income taxes			20,084		666,549			157,078		1,346,584
	Interest expense, net			15,550,458		15,846,237			28,702,406		31,023,636
	Depreciation and amortization			16,844,862		19,107,264			33,418,930		39,102,060
		EBITDA	$	18,183,033		14,604,033		$	37,495,800		31,439,109
	Impairment charge on long-lived assets			—		—			—		—
	Impairment of goodwill and other intangible assets			—		—			—		—
	Expense in lieu of income taxes			2,627,796		—			4,681,899		—
		Adjusted EBITDA	$	20,810,829		14,604,033		$	42,177,699		31,439,109
			Six Months Ended June 30,
			2002			2003
Free Cash Flow Reconciliation
Add (subtract):
	Net cash provided by operating activities		$	4,023,992		9,850,135
	Net cash used in investing activities			(32,631,598	)	(9,737,970	)
		Free cash flow surplus (deficit)	$	(28,607,606	)	112,165
			Period ended
			30-Jun-02			31-Dec-02		30-Jun-03
Net Debt Reconciliation
Add (subtract):
	Short-term debt		$	112,245,796		81,980,810			101,968,829
	Long-term debt			413,312,903		385,583,631			363,694,931
	Cash on hand and investments			(26,572,415	)	(21,981,013	)		(19,650,217	)
		Net debt	$	498,986,284		445,583,428			446,013,543

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.

10

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Exhibit 99.1

TRICOM ANNOUNCES SECOND QUARTER RESULTS
TRICOM, S.A. AND SUBSIDIARIES Selected Economic, Financial and Operating Data (unaudited) (In US$)
TRICOM, S.A. AND SUBSIDIARIES Consolidated Balance Sheets (In US$)
TRICOM, S.A. AND SUBSIDIARIES Consolidated Balance Sheets (cont.) (In US$)
TRICOM, S.A. AND SUBSIDIARIES Consolidated Statement of Operations (Unaudited) (In US$)
TRICOM, S.A. AND SUBSIDIARIES Consolidated Statement of Cash Flows (Unaudited) (In US$)
TRICOM, S.A. AND SUBSIDIARIES Reconciliation of Non-GAAP Financial Measures (In US$)

EX-99.2

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Exhibit 99.2

TRICOM ANNOUNCES NON-PAYMENT OF INTEREST ON ITS
11³/8% SENIOR NOTES AND SELECTION OF FINANCIAL ADVISER

        (Santo Domingo, Dominican Republic, September 2, 2003) Tricom, S.A. (NYSE:TDR) today announced that adverse economic conditions and the devaluation of the Dominican peso have affected the Company's operating results and its ability to purchase U.S. dollars in order to service principal and interest on its debt obligations. As a result, the Company announced that, at this time, it will not be making an $11.4 million interest payment scheduled for September 2, 2003, related to its 11³/8% Senior Notes due 2004. The Company has also decided not to proceed with its previously announced exchange offer and consent solicitation with respect to the $200 million aggregate outstanding principal amount of its 11³/8% Senior Notes due 2004.

        Based on the terms of the indenture governing its 11³/8% Senior Notes due 2004, the Company has 30 days to make the aforementioned interest payment in order to avoid a default. The Company is considering options that will enable it to make its interest payment on the 11³/8% Senior Notes and is evaluating potential financial and strategic alternatives. The Company is currently negotiating with several of its creditors to refinance and restructure its debt and has already secured principal payment waivers and extensions on a number of its borrowings.

        The Company has engaged Bear, Stearns & Co. Inc. to assist in evaluating financial and strategic alternatives, which may include the refinancing or restructuring of its existing debt or the sale of all, or a portion, of its assets or business to a third party.

About TRICOM

Tricom, S.A. is a full service communications services provider in the Dominican Republic. We offer local, long distance, mobile, cable television and broadband data transmission and Internet services. Through Tricom USA, we are 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 our subsidiary, TCN Dominicana, S.A., we are the largest cable television operator in the Dominican Republic based on our number of subscribers and homes passed. We also offer digital mobile integrated services including two-way radio and paging services in Panama using iDEN® technology. For more information about Tricom, please visit www.tricom.net

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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 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.

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Exhibit 99.2