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Blackstone to partner with John Hancock in Phoenix Tower International

July 31, 2018

  New York, New York, – Blackstone (NYSE: BX) today announced that funds managed by Blackstone Tactical Opportunities (“Tac Opps”) have agreed to sell a minority stake in Phoenix Tower International (“PTI”) to John Hancock. The stake was acquired by John Hancock Life Insurance Company (U.S.A.) (“JHUSA”) and the John Hancock Infrastructure Fund, GP (“JHIF”). JHIF, a private equity fund with approximately $2 billion of committed capital, is managed by the Power & Infrastructure team. “Providing growth capital to outstanding management teams is a hallmark of Blackstone’s investments in the mobile and internet infrastructure sector,” said Jasvinder Khaira, a Senior Managing Director in Blackstone’s Tactical Opportunities Group. “The exceptional growth of PTI has made it the leading private tower company in the Americas and we are thrilled to have John Hancock join us as partners, as we continue to grow the business.” “We are pleased to expand our telecommunications infrastructure platform with an investment in PTI,” said Recep Kendircioglu, Senior Managing Director of the John Hancock Power and Infrastructure Group and Portfolio Manager of JHIF, an infrastructure Fund on Manulife’s Private Markets platform. “We have confidence in the future of the telecom infrastructure space, PTI’s management team and are pleased to work with Blackstone’s Tactical Opportunities Group to the benefit of our investors.” Dagan Kasavana, PTI’s CEO, said, “I am incredibly proud to have Blackstone and John Hancock as PTI’s investors. The powerful combination of these two firms provides PTI with the support it needs to continue deploying capital globally.” Tim Culver, PTI’s Chairman, said: “Both Blackstone and John Hancock are partners that share PTI’s values and vision to position PTI as the leading wireless infrastructure platform to serve our customers, employees and business partners.” PTI is the fastest growing wireless tower operator in the Americas and a market leader in all its operating markets. The company was founded in 2013 by Dagan Kasavana, with a mission to own and operate high quality wireless infrastructure assets in global markets experiencing strong growth. Blackstone Tactical Opportunities invested in PTI in 2014. With 120 employees and headquartered in Boca Raton, FL, PTI manages over 3,500 owned sites (including sites under contract), over 2,500 managed sites under marketing rights agreements and 974 km of fiber in 10 countries. Blackstone was advised by Guggenheim Securities and Akin Gump Strauss Hauer & Feld LLP. John Hancock was advised by TAP Advisors LLC and Paul, Weiss, Rifkind, Wharton & Garrison LLP.

About Phoenix Tower International:

PTI owns and operates more than 3,500 sites (including sites under contract), over 2,500 managed sites under marketing rights agreement and 974 km of fiber and other wireless infrastructure and related sites throughout Argentina, Colombia, Costa Rica, Dominican Republic, El Salvador, French West Indies, Mexico, Panama, Peru and the United States, including Puerto Rico and the US Virgin Islands.

Contact Information

Phoenix Tower International:
Cat Drettmann
+1-561-227-9649
cdrettmann@phoenixintnl.com

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.

[Read more…]

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.

[Read more…]

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.

[Read more…]

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.

[Read more…]

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.

[Read more…]

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.

[Read more…]
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