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Phoenix Tower International Signs Agreement with Monaco Telecom to Own and Operate Tower Sites Across Malta and Cyprus

Phoenix Tower International Signs Agreement with Monaco Telecom to Own and Operate Tower Sites Across Malta and Cyprus

March 8, 2021

Phoenix Tower International (“Phoenix”) and Monaco Telecom today announced the signing of a definitive agreement to purchase over 815 wireless towers and acquire newly constructed wireless towers over 6 years across Malta and Cyprus through a build-to-suit program. This transaction positions Phoenix as the largest tower infrastructure provider in both markets, materially expands its growing footprint in Europe, and further solidifies the company’s leadership position. Closing is subject to customary conditions precedents for this type of transaction. Phoenix and Monaco Telecom have established a long-term partnership whereby Monaco Telecom will occupy the sites for at least twenty years.

 “With this latest transaction, PTI continues to expand its presence across Europe and will demonstrate the neutral host independent tower model in two new markets to facilitate increased coverage expansion for all of the wireless operators and ultimately increased connectivity for the population of Malta and Cyprus. As the economies of the world continue to recover from the impacts of COVID-19, Phoenix is proud to be working with the mobile network operators across the world to deploy more coverage solutions and is pleased to partner with Monaco Telecom on this transaction” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.

Martin Péronnet, CEO of Monaco Telecom said, “This transaction allows us to create a strategic partnership in Cyprus and Malta with a leading international firm, which allows us to accelerate our investment plans on 5G and fiber where we are present.”

 

About Phoenix Tower International

Phoenix Tower International (“Phoenix”) owns, operates over 10,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites throughout Europe, the United States, Latin America and the Caribbean.

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.

Freshfield Bruckhaus Deringer, Georgiades & Pelides LLC and Ganado Advocates acted as legal advisors to PTI.

 About Monaco Telecom

 Monaco Telecom is the incumbent operator of the Principality of Monaco, delivering fixed, internet, TV, mobile services, as well as international data connectivity, housing and cloud services. In July 2019, Monaco Telecom was the first operator to launch 5G with a nationwide coverage; and in fixed broadband, it provides 1Gbs access to all households. Monaco Telecom owns Epic, leading alternative operator in Cyprus and the leading mobile operator in Malta. Monaco Telecom is owned by the Government of Monaco and by NJJ Holding, a European family of telecoms companies made up of leading operators in the markets of Monaco, Switzerland, Ireland, Cyprus and Malta. NJJ Holding is owned by French Entrepreneur Xavier Niel, who also controls Iliad/Free, a leading telecommunication player in France, Italy and Poland.

Paul Hastings acted as legal advisor and Bank of America served as financial advisor to Monaco Telecom.

EWIA Welcomes Phoenix Tower International as a New Member

February 2, 2021

via EWIA.org

BRUSSELS — The European Wireless Infrastructure Association (EWIA) welcomed its newest member, Phoenix Tower International, a global tower company with EU presence in France, Spain, and Ireland, which joined the trade association after EWIA’s last Annual General Meeting.

“In the context of Next Generation EU, independent wireless infrastructure operators  have a positive role to play as the Commission and the legislators are addressing important questions on 5G and the connectivity agenda in Europe.” says Tobías Martínez Gimeno, Chairman of EWIA. “In this context we welcome Phoenix Tower International as a new member so that our sector can speak with a stronger and even more representative voice in our ongoing engagement in Brussels.”.

“We are honoured and delighted to be part of EWIA and look forward to working with all members to promote increased connectivity and wireless infrastructure across Europe” declared Dagan Kasavana, CEO of Phoenix Tower International.

While EWIA is extending its membership, its footprint across European countries is also increasing with 10 towerco members operating across 14 European countries: Austria, Denmark, Finland, France, Germany, Ireland, Italy, The Netherlands, Poland, Portugal, Spain, the United Kingdom, Switzerland and Sweden.

About EWIA

The European Wireless Infrastructure Association is the European trade association of wholesale wireless infrastructure providers. Our members invest in and operate wireless infrastructure essential to the delivery of mobile voice, wireless broadband and other wireless networks.

EWIA advocates policies that encourage the network infrastructure investment and deployment necessary to make advanced wireless broadband available everywhere for consumers, businesses, health care, public safety and the countless other sectors that rely on always-on wireless connections.

For more about EWIA and their activities, please contact secretariat@ewia.eu or visit them at ewia.org, on Twitter, and on LinkedIn.

About Phoenix Tower International

PTI owns and operates over 12,500 towers, 986 kilometers of fibre, and other wireless infrastructure and related sites across 16 countries in the United StatesEurope and Latin America.  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.

PTI to partner with F2i to acquire TowerTel, providing ownership or leasing rights to over 2,400 wireless telecommunications sites across Italy, with potential leasing rights for over 4,000 sites.

December 24, 2020

For Immediate Release

Phoenix Tower International (“PTI”) today announced that it has entered into a definitive agreement with EI Towers S.p.A (“EIT”) to acquire TowerTel S.p.A. (“TowerTel”), an EIT subsidiary, which owns or leases, operates and manages approximately 2,400 telecommunications towers, distributed antenna systems and telecommunications sites across Italy. In addition, TowerTel has exclusive telecommunications marketing and leasing rights to more than 1,600 broadcast sites owned by EI Towers S.p.A, bringing the total potential portfolio to more than 4,000 sites in the country.

As part of the agreement F2i SGR (“F2i”), one of EIT’s shareholders, has elected to retain a minority ownership stake in TowerTel.  Financial terms of the transaction were not disclosed.

Completion is subject to customary regulatory approval.

“PTI is excited to enter into Italy’s vibrant wireless market and serve its premier wireless operators. We look forward to expanding the revenue on this portfolio, developing new towers and investing in next generation solutions on behalf of our customers,” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International. He continued, “With small cell deployments, continued 4G and 5G buildouts, significant fixed wireless access and fiber roll-out across the country, we believe that Italy is a fantastic market for PTI.  This exciting transaction further expands our growing global footprint and allows us to continue to serve the wireless infrastructure needs of our clients.”

Commenting on the transaction, Renato Ravanelli, Chief Executive Officer of F2i, said; “This investment by PTI testifies to the growing interest by global players in high-quality Italian infrastructure. We are delighted to partner with a leading wireless infrastructure operator with the support of Blackstone, in a sector so important for the overall telecommunication market development.”

PTI’s financial advisor was Natixis and its legal advisor was Freshfields Bruckhaus Deringer LLP.  EIT’s financial advisor was Nomura and its legal advisor was Chiomenti Studio Legale.

 

About Phoenix Tower International
PTI owns and operates over 12,500 towers, 986 kilometers of fibre, and other wireless infrastructure and related sites across 16 countries in the United StatesEurope and Latin America.  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.

F2i SGR is Italy’s largest independent infrastructure fund manager, with assets under management of approximately € 5 billion. The companies in F2i’s network make up Italy’s main infrastructure platform, spanning key sectors of the national economy such as transport and logistics, energy for transition, distribution networks, telecommunications networks and services, and infrastructure. Led by its CEO Renato Ravanelli, F2i, through its subsidiaries, has 19,000 employees in Italy, whose work allows millions of people to use services and infrastructure that are essential for daily life. F2i SGR’s key shareholders include financial institutions, including banking foundations, domestic and foreign social security and pension funds, domestic and international asset managers and sovereign wealth funds. The funds managed by F2i SGR are subscribed by leading Italian and foreign institutions.

EY Announces Dagan T. Kasavana of Phoenix Tower International as an Entrepreneur Of The Year 2020 Florida Award Winner

October 8, 2020

via EY.com

Ernst & Young LLP (EY US) today announced that Dagan T. Kasavana, Chief Executive Officer and Founder of Phoenix Tower International was named an Entrepreneur Of The Year® 2020 Florida Award winner. The Entrepreneur Of The Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies. The award recognizes those entrepreneurial leaders who are excelling in overcoming adversity; financial performance; societal impact and commitment to building a values-based company; innovation; and talent management. Dagan T. Kasavana was selected by an independent judging panel. The award was announced through the program’s first-ever virtual awards gala, hosted by Deborah Norville, anchor of Inside Edition, on October 8, 2020.

Founded in 2013, Phoenix Tower International (“PTI”) is the fastest growing global wireless communications infrastructure provider in the world.  PTI owns and operates in excess of 9,000 towers, 986 km of fiber, and over 80,000 other wireless infrastructure and related sites throughout the United States, Latin America, the Caribbean and Europe. PTI’s investors include funds managed by Blackstone and John Hancock.

PTI’s teams in more than 15 countries are devoted to helping their wireless infrastructure partners — customers, sellers, landlords, and communities — achieve their goals. Focused on the principles of unwavering hard work and integrity, team PTI demonstrates this mission every day through the fair and collaborative manner in which they deal with our business partners and the dedicated operation of the wireless infrastructure sites they own and operate.

“I am honored to be recognized by EY with this incredible distinction, which truly belongs to each one of our team members who work tirelessly to drive PTI to new levels of success!  Thanks to them, PTI is unstoppable!”

Since 1986, EY US has honored entrepreneurs whose ingenuity, spirit of innovation and tenacity have driven their companies’ success, transformed their industries and made a positive impact on their communities. Dagan T. Kasavana will go on to become a lifetime member of the esteemed multi-industry community of award winners, with exclusive, ongoing access to the experience, insight and wisdom of fellow alumni and other ecosystem members in over 60 countries — all supported by vast EY resources.

The Entrepreneur Of The Year program has honored the inspirational leadership of entrepreneurs such as:

  • Joe DeSimone of Carbon, Inc.
  • Hamdi Ulukaya of Chobani
  • Chris and Robin Sorensen of Firehouse Subs Restaurant Group Inc.
  • James Park of Fitbit
  • Mindy Grossman of HSN, Inc.
  • Wayne Huizenga of Huizenga Holdings Incorporated
  • Kendra Scott of Kendra Scott LLC
  • Reid Hoffman and Jeff Weiner of LinkedIn
  • Ellen Latham of Orangetheory Fitness
  • Howard Schultz of Starbucks Corporation
  • Justin Wetherill of uBreakiFix
  • Jodi Berg of Vitamix

As a Florida award winner, Dagan T. Kasavana, is now eligible for consideration for the Entrepreneur Of The Year 2020 National Awards. Award winners, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced Thursday, November 19, during a virtual awards gala. The awards are the culminating event of this year’s virtual Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2021.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation.

In Florida, sponsors also include Platinum sponsor, PNC and Silver sponsor, the Orlando Business Journal.

About Entrepreneur Of The Year®

Entrepreneur Of The Year® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy

About EY Private

As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/private

About EY

EY is a global leader in assurance, tax, strategy, transaction and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com.

IDB Invest Promotes the Shared Telecommunications Infrastructure Market in Ecuador with Phoenix Tower International

September 17, 2020

via IDBInvest.org

IDB Invest, a member of the IDB Group, provided a $80 million loan to Phoenix Tower International (PTI) to foster the independent market for telecommunications infrastructure in Ecuador and promote a more efficient development of this sector in the country. The transaction will help consolidate a business model based on the shared use of telecommunications towers in the Ecuadorian market.

PTI Ecuador’s shared digital infrastructure model will increase mobile broadband coverage and capacity to different mobile network operators in the country. This increase is especially relevant in the context of the crisis caused by COVID-19, as wireless broadband networks are experiencing a significant increase in digital data consumption and users require reliable systems due to social distancing measures (telecommuting, telemedicine, online classes, etc.).

The project is expected to improve the sector’s productivity, since mobile network operators will be able to develop their mobile networks more efficiently and economically, taking advantage of the project’s existing infrastructure. It will also contribute to reducing the connectivity gap in Ecuador, through the expansion of mobile broadband networks and the reduction of operator costs.

Ecuador has experienced a significant increase in broadband demand due to social distancing measures, indicating the need to close the digital divide so that people living in underserved areas can have access to services through broadband connectivity and people residing in underserved areas can cope with increased data consumption.

This agreement potentially contributes to four of the United Nations Sustainable Development Goals (SDGs): End Poverty (SDG 1), Decent Work and Economic Growth (SDG 8), Industry, Innovation and Infrastructure (OSD 9), and Partnerships for the Goals (SDG 17).

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social and environmental development in the region. With a portfolio of $12.1 billion in asset management and 333 clients in 24 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

About Phoenix Tower International

Phoenix Tower International (PTI) owns and operates in excess of 9,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites throughout the United States, Latin America and the Caribbean, and Europe. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators in high-growth markets, and has been one of the world’s fastest growing telecommunications infrastructure companies since its inception. PTI’s investors include funds managed by Blackstone and John Hancock.

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