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Phoenix Tower International acquires 215 wireless communication tower sites from Digicel in the French West Indies

February 9, 2018

 

Phoenix Tower International (“PTI”) via its subsidiary Phoenix Tower FWI, S.A.S. announces that it has closed its transaction with Digicel Antilles Francaises Guyane (“Digicel”) to acquire the ownership or management rights relating to 215 wireless communication tower sites from Digicel. This latest transaction solidifies PTI’s position as the premiere tower company in the Caribbean. Terms of the transaction remain confidential between the parties.

“PTI is enthused to continue to work closely with Digicel and was uniquely positioned to execute this transaction given our existing presence in the Dominican Republic and Puerto Rico. The French West Indies exhibit the hallmarks of a healthy wireless infrastructure market with multiple wireless operators that have significant network capex needs and a stable regulatory environment.” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.

He added “PTI looks forward to continuing to work with Digicel and the other operators on their network buildouts across the Caribbean where PTI is uniquely suited to make investments over the coming years. Because of our flexible investment strategy and strong operating platform, we are able to effectively partner with multinational wireless operators in a way that is truly unique. This transaction further exemplifies PTI’s commitment to help our customers achieve their goals.”

Commenting on the transaction, Digicel Group CEO, Colm Delves, said; “We’re very pleased to be partnering with PTI on this transaction in the French West Indies, having previously done so in El Salvador. We look forward to continue building on the strong partnership already established between Digicel and PTI.”

Scotiabank acted as the Administrative Agent and ING acted as the Bookrunner on the acquisition financing. Choate Hall & Stewart LLP and Dentons Europe acted as legal advisors to PTI. Orrick and Mayer Brown acted as legal advisors to Digicel.

About Phoenix Tower International:

Phoenix Tower International (“PTI”) owns and operates over 2,100 towers and other wireless infrastructure and related sites throughout Costa Rica, Panama, El Salvador, the Dominican Republic, French West Indies, Colombia, Peru and the United States including Puerto Rico. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the Americas in high-growth markets. PTI’s investors include funds managed by Blackstone Tactical Opportunities as well as various members of the management team, and is headquartered in Boca Raton, Florida.

For further inquiries, please contact Phoenix Tower International:

Cat Drettmann

(561) 257-0557

cdrettmann@phoenixintnl.com

Phoenix Tower International completes US debt recapitalization

August 31, 2017

Phoenix Tower International’s US subsidiaries completed a recapitalization with a 5-year senior secured credit facilities totaling $109.3 million. TD Securities, who led the original debt acquisition financing in 2015, acted as Sole Lead Arranger, Sole Bookrunner and Administrative Agent on the transaction. The new facilities, maturing in 2022, replace the company’s existing loans due 2020.

About Phoenix Tower International:

Headquartered in Boca Raton, Florida, Phoenix Tower International was founded in 2013 and owns and operates towers 1,600+ towers and other wireless infrastructure in the U.S., Latin America and the Caribbean.

Phoenix Tower International expands across the Andean region

July 13, 2017

Phoenix Tower International (“PTI”) announces that it has closed on three separate transactions across Peru and Colombia increasing its wireless infrastructure sites by over 150 towers and increasing its marketable real estate properties by over 2,000 sites across the Americas.

[Read more…]

Phoenix Tower International closes $120M loan facility led by Scotiabank and other lenders to finance wireless infrastructure across Latin America

April 19, 2017

Phoenix Tower International (“PTI”) announces the closing of a long term Latin American credit facility between its subsidiaries in Dominican Republic, Costa Rica, Panama, El Salvador, Colombia and Peru and a consortium of lenders led by Scotiabank and joined by Banco General, S.A., ING Capital LLC, Popular Bank Ltd. Inc., Towerbank International Inc. and Metrobank, S.A. The credit facility provides financing on PTI’s existing wireless infrastructure, new tower development and acquisitions across PTI’s existing six (6) Latin America markets as well as many additional Latin America markets.

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Phoenix Tower International acquires 202 wireless communication tower sites from Digicel in El Salvador

April 6, 2017

Phoenix Tower International (“PTI”) via its subsidiary Phoenix Tower International ES S.A. de C.V. announces that it has closed its transaction with Digicel S.A. de C.V. (“Digicel”) to acquire the ownership or management rights relating to 202 wireless communication tower sites from Digicel. Terms of the transaction remain confidential between the parties.

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Phoenix Tower International closes on 145 wireless communication tower sites and marketing rights to over 400 wireless communication tower sites from Viva in the Dominican Republic

March 29, 2016

Phoenix Tower International (“PTI”) via its subsidiary Phoenix Tower Dominicana S.A.S. announces that it has closed its transaction with Trilogy Dominicana, S.A. (“Viva”) to acquire the ownership or management and marketing rights relating to over 400 wireless communication tower sites from Viva. Terms of the transaction remain confidential between the parties.

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Phoenix Tower International closes on rights to over 600 wireless communication tower sites from T-Mobile in the United States

November 10, 2015

Phoenix Tower International (“PTI”) announces that it has closed its transaction with T-Mobile to acquire the ownership or management rights relating to over 600 wireless communication tower sites including the exclusive right to manage and operate the sites from T-Mobile (“T-Mobile”) via PTI’s local US subsidiaries. Terms of the transaction remain confidential between the parties.

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PTI enters into credit facility with Scotiabank to finance its Dominican Republic tower assets

November 6, 2015

PHOENIX TOWER INTERNATIONAL ENTERS INTO CREDIT FACILITY WITH SCOTIABANK TO FINANCE ITS DOMINICAN REPUBLIC TOWER ASSETS

Phoenix Tower International (“PTI”) announces the closing of a $45M five-year credit facility with the bank of Nova Scotia (“Scotiabank”) for its subsidiary, Phoenix Tower Dominicana, S.A.S. The credit facility was used to finance the acquisition of Teletower Dominicana, S.A.S and provide additional financing for new tower development, acquisitions of wireless infrastructure in the Dominican Republic and other corporate purposes.

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PTI set to acquire over 600 tower sites from T-Mobile

August 3, 2015

PHOENIX TOWER INTERNATIONAL ENTERS INTO A CONTRACT TO ACQUIRE THE RIGHTS TO OVER 600 WIRELESS COMMUNICATION TOWER SITES FROM T-MOBILE IN THE UNITED STATES

August 3, 2015 – Phoenix Tower International (“PTI”) announces that it has entered into a contract with T-Mobile to acquire the ownership or management rights relating to approximately 600 wireless communication tower sites including the exclusive right to manage and operate the sites from T-Mobile (“T-Mobile”) via PTI’s local US subsidiaries.

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PTI Announces Acquisition of T4U Holding Brasil S.A.

June 15, 2015

BLACKSTONE PORTFOLIO COMPANY PHOENIX TOWER INTERNATIONAL ANNOUNCES ACQUISITION OF T4U HOLDING BRASIL S.A., COMPRISING MORE THAN 500 WIRELESS TOWERS IN BRAZIL

Boca Raton, FL, June 15, 2015. Phoenix Tower International (“PTI”), owned by funds managed by Blackstone’s Tactical Opportunities business, announces the acquisition of T4U Holding Brasil, S.A. (“T4U”). The acquisition is to be structured as a merger of T4U into PTI’s existing Brazilian tower business. Terms of the transaction were not disclosed.

The combined businesses will operate under the name Phoenix Tower do Brasil, which will own and operate 529 wireless infrastructure assets with a pipeline of over 250 wireless towers under construction for all of the major wireless operators in Brazil.

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