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PTI Closes $32.15M Loan Facility

May 11, 2015

PHOENIX TOWER INTERNATIONAL CLOSES $32.15M LOAN FACILITY WITH BANCO GENERAL AND OTHER LENDERS TO FINANCE WIRELESS INFRASTRUCTURE ACROSS COSTA RICA AND PANAMA

Phoenix Tower International (“PTI”) announces the closing of a seven (7) year credit facility between its local subsidiaries in Costa Rica and Panama and a consortium of lenders led by Banco General, S.A. joined by Towerbank, Metrobank and Banco General (Costa Rica). The credit facility provides debt financing on PTI’s existing wireless infrastructure as well as additional financing for new tower development and acquisitions of wireless infrastructure in Costa Rica and Panama.

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PTI acquires tower business in Panama from American Tower

September 10, 2014

PHOENIX TOWER INTERNATIONAL ACQUIRES AMERICAN TOWER CORPORATION’S PANAMANIAN BUSINESS

BOCA RATON, FL–(Marketwired – Sep 10, 2014) – Phoenix Tower International (“PTI”) announces the acquisition of American Tower Corporation’s Panamanian business, which consists of approximately 60 telecommunications sites. The sites represent a mix of towers in urban and suburban locations across the country occupied by all of the major Panamanian wireless carriers.

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