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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

Phoenix Tower International enters agreements to acquire 1,408 towers in Ecuador and 1,046 towers in Colombia from Telefonica

December 23, 2019

Phoenix Tower International (“PTI”) announces that it has entered into a purchase and sale agreement and Master Lease Agreement with Telefonica Ecuador for 1,408 tower sites in Ecuador. In addition to the transaction in Ecuador, PTI has completed the purchase of 621 towers in Colombia from Telefonica Colombia for a total of 1,046 towers in 2019.

The latest transactions expand PTI’s footprint in Ecuador and reinforces PTI’s position as a leading tower company in Colombia and strengthened ties between PTI and Telefonica as they continue to grow their partnership across the region. Pro forma for these transactions, PTI will own and operate over 7,000 towers across Latin America.

“We are honored to expand our relationship with Telefonica in Ecuador and Colombia and look forward to working closely with them on their ongoing wireless build-out initiatives across the world. These transactions are exciting for PTI and will allows us to become the market leader in Ecuador, a USD based market with three healthy wireless operators with significant 4-G build-out needs in the coming years. The transaction in Colombia solidifies PTI’s strong market position with over 1,800 owned towers. Colombia has been a great market for PTI, and we see continued growth from all of the carriers in the coming years.” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.

About Phoenix Tower International:

Phoenix Tower International (“PTI”), the largest private tower company in the Americas, owns and operates over 8,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites in fourteen countries located across the Americas and Europe.

PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’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.

Contact Phoenix Tower International:

Cat Drettmann
(561) 257-0557
cdrettmann@phoenixintnl.com
 

IDB Invest finances Phoenix Tower International to boost the independent telecommunications infrastructure market in Bolivia

March 21, 2019

  • Phoenix Tower International (PTI) is the first independent operator of telecommunications towers in Bolivia.
  • The company will be a neutral host infrastructure provider to all wireless telecom providers which will facilitate increased coverage and mobile broadband capacity across Bolivia.

IDB Invest provided a loan of $58.5 million to Phoenix Tower International (PTI) to boost the independent telecommunications infrastructure market and promote a more efficient development of this sector in the country. The project is an innovative business solution for the Bolivian market as it encourages the shared use of telecommunications towers.

The financing will allow PTI to acquire 600 existing towers and build new towers at the request of the main mobile operators in the country. The shared use promoted by the project will improve the productivity of the service, since the deployment of new networks will be more affordable and dynamic. It will also help to reduce Bolivia’s connectivity gap, through the expansion of mobile broadband and the reduction of operator costs by implementing fourth-generation (4G) cellular technology.

The operation consists of a $58.5 million loan with a 10-year term. Under the leadership of IDB Invest, an additional $13.5 million has been mobilized from the Inter-American Corporation for Infrastructure Financing (CIFI) for Latin America and the Caribbean.

Mobile communication in Bolivia has a high growth potential to reduce the digital divide. The country’s mobile penetration is 87 percent, the third lowest in South America, while mobile broadband only reaches 65 percent penetration and the adoption rate of 4G is 24 percent according to data from 2017. Better connectivity directly and indirectly influences economic activity, facilitates the creation of employment, increases the productivity and has a positive impact on per capital growth.

About Phoenix Tower International:

Phoenix Tower International (“PTI”) owns and manages over 6,000 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, French West Indies, Jamaica, Argentina, Ecuador, and Bolivia.

Headquartered in Boca Raton, Florida, 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 and John Hancock, as well as various members of the management team.

About IDB Invest

IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting Latin America and the Caribbean businesses.

It finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a current portfolio of $12.1 billion under management and 329 clients in 21 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients.

Contact Phoenix Tower International:

  Cat Drettmann
(561) 257-0557
cdrettmann@phoenixintnl.com
   

Phoenix Tower International expands footprint in South America with acquisition of 600 wireless communication tower sites from Trilogy in Bolivia

February 13, 2019

Phoenix Tower International (“PTI”) announces that it has closed its sale and leaseback transaction with Trilogy International Partners Inc. (“Trilogy”) to acquire the ownership and management rights relating to 600 wireless communication tower sites belonging to Trilogy’s Bolivian subsidiary, NuevaTel. This latest transaction expands PTI’s footprint into a new market and reinforces PTI’s position as the leading tower company across South America. Terms of the transaction remained confidential between the parties. Speaking about the transaction, PTI CEO, Dagan Kasavana, stated; “We are pleased to transact with Nuevatel to purchase these assets and bring the independent tower model to Bolivia.  We believe our presence in the market will provide carriers with a strong neutral host solution for their growing infrastructure needs.  Furthermore, the management team of Trilogy are long term wireless veterans that we are excited to partner with and support in the coming years.” Commenting on the agreement, Brad Horwitz, President and CEO of Trilogy, said; “We are pleased with this transaction which enhances our capital efficiency while aligning with strong partners at PTI.  We continue to look at a number of strategic and operational alternatives in Bolivia and will remain opportunistic as it relates to maximizing shareholder value,”. Choate Hall & Stewart LLP and Harrison & Harrison acted as legal advisors to PTI. Nuevatel was represented in the transaction by Lape Mansfield Nakasian and Gibson, LLC.

About Phoenix Tower International:

Phoenix Tower International (“PTI”) owns and manages over 6,000 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, French West Indies, Jamaica, Argentina, Ecuador, and Bolivia. Headquartered in Boca Raton, Florida, 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 and John Hancock, as well as various members of the management team. For more information, please visit www.phoenixintnl.com.

About Trilogy International Partners Inc. (“TIP Inc.”)

Trilogy International Partners Inc. (TSX: TRL) is the parent company of Trilogy International Partners LLC, a wireless and fixed broadband telecommunications operator formed by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz. Trilogy’s founders have an exceptional track record of successfully buying, building, launching and operating communication businesses in 15 international markets and the United States. Trilogy currently provides wireless and fixed broadband communications services through its operating subsidiaries in New Zealand and Bolivia. Its head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004 USA. For more information, visit www.trilogy-international.com.

Contact Phoenix Tower International:

  Cat Drettmann (561) 257-0557 cdrettmann@phoenixintnl.com      

Phoenix Tower International enters agreement to purchase over 500 wireless communication tower sites located across Mexico, Colombia, and Nicaragua from Uniti Group

February 19th 2019

Phoenix Tower International (“PTI”) announces that it has reached an agreement with Uniti Group to acquire the ownership rights relating to over 500 wireless communication tower sites located across Mexico, Colombia and Nicaragua. Terms of the transaction remain confidential between the parties.

Speaking about the transaction, PTI CEO, Dagan Kasavana, stated; “We are pleased to enter into this transaction with Uniti which further expands our growing footprint in Mexico and Colombia”.

Commenting on the transaction, Uniti Group CEO, Kenny Gunderman, stated “This transaction realizes substantial value for our stockholders and allows us to focus on the vast communications infrastructure growth opportunities in the U.S., Uniti Towers will continue to be a significant component of our ongoing strategy to provide a full suite of solutions to wireless carriers and other customers.”

Citi was exclusive financial adviser on the deal.

About Phoenix Tower International:

Phoenix Tower International (“PTI”) owns and manages over 6,000 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, French West Indies, Jamaica, Argentina, Ecuador, and Bolivia.

Headquartered in Boca Raton, Florida, 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 and John Hancock, as well as various members of the management team.

Contact Phoenix Tower International:

  Cat Drettmann
(561) 257-0557
cdrettmann@phoenixintnl.com
 

Phoenix Tower International acquires Syscom Telecom, adding over 80,000 marketable small cell wireless communication sites in the United States

December 28, 2018

  Phoenix Tower International (PTI) announces its acquisition of Syscom Telecom, LLC, thereby adding over 80,000 marketable sites to PTI’s US portfolio. Syscom Telecom, LLC, a small cell deployment business in the United States, manages and markets over 80,000 sites for small cell and macro cell deployments with various small cell master agreements in place with wireless operators. “PTI has been evaluating opportunities to back a small cell focused team in the United States as a way to help our customers with their next generation deployments” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International. He continued, “Syscom Telecom’s team, led by Santiago Quintana, has, since inception, been focused on small cell deployments on unique real estate assets such as billboards, rooftops and other locations, which are ideal for small cell installations and as a result, have made significant inroads with all wireless operators. As PTI focuses on delivering solutions for future network needs, we believe that having a strong small cell focused group, backed with capital alongside our traditional macro focused sales and operations team, is the right approach to better serve our customers collocation and network connectivity deployment needs. We are confident that, between our owned towers and third-party real estate, Syscom and PTI will deliver the level of customer service and desirable site locations for our customers as they continue to upgrade their networks from coast to coast. Recently PTI has made numerous strategic investments across the Americas to support this business plan including the acquisition of 1,000 km of fiber in Mexico, the investment in Fast Site Solutions in Central America, and the investment in Syscom LatAm in South America, which have allowed PTI to lead next generation solutions on behalf of our customers with dedicated teams in all markets.” Terms of the transaction remain confidential between the parties.

About Phoenix Tower International:

Phoenix Tower International (“PTI”) owns and manages over 6,000 towers, 986 km of fiber and 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, French West Indies, Jamaica, Argentina and Ecuador. Headquartered in Boca Raton, Florida, 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 and John Hancock, as well as various members of the management team. For more information, please visit www.phoenixintnl.com.

Contact Phoenix Tower International:

  Cat Drettmann
(561) 257-0557
cdrettmann@phoenixintnl.com
 

Phoenix Tower International Closes $200mn Loan Facility with Goldman Sachs to Finance Further Expansion

December 28, 2018

Phoenix Tower International (PTI) announces it has closed a US$200mn senior secured credit facility with Goldman Sachs Specialty Lending Group to continue its growth in the United States.

“This latest refinancing gives us a well-capitalized business plan to continue our growth in the United States with a strong lender group” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International. He continued, “We see various opportunities to expand in the United States through traditional macro tower construction and acquisitions as well as through small cell deployments to further help our customers grow their networks to meet consumer demands. This facility will allow us to accomplish both initiatives with dedicated financing in place”.

The credit facility was led by Goldman Sachs Specialty Lending Group. The facility is a landmark transaction for PTI’s continued focus on being a leading provider of infrastructure assets. The credit facility provides financing on PTI’s existing wireless infrastructure, new tower development, and growth of its small cell business.

PTI was represented by Locke Lord. Goldman Sachs Specialty Lending Group was represented by King & Spalding. Terms of the transaction remain confidential between the parties.

About Phoenix Tower International:

Phoenix Tower International (“PTI”) owns and manages over 6,000 towers, 986 km of fiber and 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, French West Indies, Jamaica, Argentina and Ecuador. Headquartered in Boca Raton, Florida, 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 and John Hancock, as well as various members of the management team. For more information, please visit www.phoenixintnl.com.

Contact Phoenix Tower International:


Cat Drettmann
(561) 257-0557
cdrettmann@phoenixintnl.com
 

Phoenix Tower International closes on acquisition of 1,039 wireless communication tower sites in the Dominican Republic

October, 3rd, 2018

BOCA RATON, Fla. — Phoenix Tower International (“PTI”) has closed on it’s agreement with Altice Dominicana, a subsidiary of Altice Europe N.V. (Euronext ATC, ATCB) (“Altice Europe”), to purchase 100% of the tower company, Teletorres del Caribe, with a portfolio comprising of 1,039 wireless communication tower sites for $170M. This latest transaction expands PTI’s footprint, in the Dominican Republic, to over 1,600 sites and reinforces PTI’s position as the leading tower company across the Caribbean.

[Read more…]
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