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Blackstone-Backed Phoenix Tower International Signs Agreement with eir to Own and Operate Tower Sites Across Ireland

May 25, 2020

BOCA RATON, Florida & DUBLIN, Ireland –Phoenix Tower International (“Phoenix”) today announced the signing of an agreement with eir to purchase over 650 wireless towers and acquire newly constructed wireless towers over 8 years across Ireland through a build-to-suit programme. This transaction positions Phoenix as the largest tower infrastructure provider in Ireland, materially expands its growing footprint in Europe, and further solidifies the company’s leadership position in Europe, the United States, Latin America and the Caribbean. Closing is subject to customary conditions precedents for this type of transaction. Phoenix and eir have established a long-term partnership whereby eir will occupy the sites for at least twenty years.

“We are excited to enter the Irish wireless infrastructure market and partner with eir on such an important transaction. The global pandemic related to COVID-19 has impacted all of our communities and highlights the importance of wireless infrastructure to support global trade, commerce and social connections. This will not diminish as economies rebound in the coming months and years ahead,” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.

“Ireland represents an important economic hub for Europe and the world, and we are proud to support eir on their ongoing build-outs across the country. This transaction further expands PTI’s global footprint and we are excited to be a long-term partner of eir” said Tim Culver, Executive Chairman of Phoenix Tower International.

“We are excited to partner with eir to deliver improved wireless connectivity to its customers. This transaction exemplifies Phoenix’s strategy of entering into growth markets as a partner to top-tier wireless carriers” said Jasvinder Khaira, a Senior Managing Director in Blackstone Tactical Opportunities. “Phoenix is committed to growing in Europe and finding opportunities to support carriers and usher in the 5G technology revolution.”

About Phoenix Tower International

Phoenix Tower International (“Phoenix”) owns, operates and proforma for this transaction will have in excess of 9,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites throughout the United States, Argentina, Bolivia, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, France, Guatemala, Ireland, Jamaica, Mexico, Panama, and Peru.

Phoenix was founded in 2013 with a mission to be a premier site provider to wireless operators across the Americas in high-growth markets. Phoenix’s investors include funds managed by Blackstone Tactical Opportunities and John Hancock, as well as various members of the management team. For more information, please visit www.phoenixintnl.com.

Freshfields Bruckhaus Deringer and Arthur Cox acted as legal advisors to PTI.

About eir

eir is the largest provider of fixed line telecommunications services in Ireland, offering broadband, voice, TV, and data services to residential, small business, enterprise, and government segments.

eir is the third largest mobile operator in Ireland in terms of revenue and customers. The company operates the eir mobile and GoMo services.

eir’s wholesale division, open eir, is the largest wholesale telecommunications operator in Ireland, providing products and services to national and international wholesale customers across a range of regulated and unregulated markets.

The Group generated total revenue of €1.249 billion and adjusted EBITDA of €578 million for the year ended 30 June 2019.

Blackstone-Backed Phoenix Tower International Closes Agreement with Bouygues Telecom to Own and Operate up to 4,000 Sites Across France

March 20, 2020 BOCA RATON, Florida & PARIS, France – Blackstone portfolio company Phoenix Tower International (“Phoenix”) today announced the closing of an agreement with Bouygues Telecom to develop approximately 4,000 newly constructed wireless towers over 12 years across France outside the Very Dense Area. This transaction significantly expands Phoenix’s footprint in France, and solidifies the company’s leadership position in Europe, the United States, Latin America and the Caribbean. Phoenix and Bouygues Telecom have established a long-term partnership in the form of a Phoenix-controlled joint venture which will own and operate the sites. Some of the sites will be deployed as part of Bouygues Telecom’s “New Deal Mobile” regulatory obligations of targeted mobile radio coverage improvements, accelerated mobile radio rollouts alongside transportation routes. With attractive size and coverage, the JV is very well positioned as an infrastructure operator of choice in the market. “We are quite enthusiastic to partner with Bouygues Telecom on such an important and exciting project.  We believe the French market is well positioned for significant wireless growth throughout the country as further 4G and 5G deployments are made over the coming years and we are proud of our participation in these deployments,” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International. “Phoenix’s landmark partnership with Bouygues Telecom is consistent with its position as the preferred partner for carriers worldwide,” said Jasvinder Khaira, a Senior Managing Director in Blackstone Tactical Opportunities. “Phoenix will continue to look for creative ways to support the coverage requirements of carriers and usher in the 5G technology revolution across Europe and the Americas.” Jean Paul Arzel, Head of Network Division, explained: “This agreement allows Bouygues Telecom to sustain its efforts in sites deployment in Less Dense Areas and also to meet the New Deal requirements. It will also contribute to considerably strengthen our Mobile network coverage in rural areas. Natixis and ING acted as financial advisors to Phoenix.

About Phoenix Tower International

Phoenix Tower International (“Phoenix”) owns and manages over 8,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites throughout the United States, including Puerto Rico and the US Virgin Islands, Costa Rica, Panama, El Salvador, Guatemala, Colombia, Peru, Mexico, the Dominican Republic, France, Jamaica, Argentina, Ecuador, and Bolivia. Phoenix was founded in 2013 with a mission to be a premier site provider to wireless operators across the Americas in high-growth markets. Phoenix’s investors include funds managed by Blackstone Tactical Opportunities and John Hancock, as well as various members of the management team. For more information, please visit www.phoenixintnl.com.

Phoenix Tower International acquires 197 wireless communication tower sites located throughout the United States from Tower Ventures

March 5, 2020

Phoenix Tower International (“PTI”) announces that it has closed the transaction through the acquisition of a 100% ownership interest in Tower Ventures Holdings, LLC and related entities.  The transaction provides PTI ownership and control over high quality wireless telecommunications infrastructure assets strategically located along the Atlantic seaboard, South, and Midwestern regions of the United States.  The ownership of these 197 wireless communication towers further solidifies PTI’s position as the premiere private tower company in the Americas.  Terms of the transaction remain confidential between the parties.

“PTI is excited to invest further in the United States and continue to grow its tower portfolio in advance of significant 5G deployments and ongoing 4G densification across the country,” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International. He continued, “The Tower Ventures team has a great reputation and has constructed and operated high quality sites that we believe will see continued growth through lease-up and provide the wireless operators more best in class locations to achieve their network coverage needs alongside our existing towers and growing DAS and small cell business.  We are proud we have completed this transaction with Tower Ventures and look forward to working with them across the United States in the future.”

Commenting on the transaction, Tower Ventures President and CEO, William Orgel, said; “Dagan and the wonderful team he has built in the past seven years were an absolute pleasure to work with on this transaction. They are professional, intelligent and have immense knowledge of the tower industry. Tower Ventures looks forward to a continued relationship with PTI as we move forward in developing more towers and managing our remaining portfolio of owned and managed sites.”

About Phoenix Tower International

PTI owns and operates over 8,500 towers, 986 kilometers of fiber, and other wireless infrastructure and related sites across 14 countries in North, Central and South America and Europe.  PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across high-growth international markets.  PTI’s investors include funds managed by Blackstone, John Hancock, and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com.

About Tower Ventures

Tower Ventures is a Memphis, Tennessee based cell phone tower operator that owns and manages 360 towers in the United States. Tower Ventures and its subsidiaries have developed towers since 1987 and over that time have successfully built and sold tower portfolios valued at over $600 million dollars. Tower Ventures is owned by its management team with an investment from BBH Capital Partners, a private equity strategy of Brown Brothers Harriman & Co.

Contact Phoenix Tower International:

Ingrid Gutierrez
(561) 923-0536 
igutierrez@phoenixintnl.com

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