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Phoenix Tower International Builds Momentum and Footprint across Europe to Support Wireless Network Growth and Introduction of 5G

Closes Agreement with Monaco Telecom to Own and Operate Tower Sites Across Malta and Cyprus

July 14, 2021

Phoenix Tower International (“Phoenix”) has closed its agreement with Monaco Telecom to purchase over 830 wireless towers and acquire newly constructed wireless towers over six years across Malta and Cyprus through a build-to-suit (BTS) program. Phoenix is now the largest tower infrastructure provider in both countries and the long-term partnership established with Monaco Telecom through this deal will see the operator occupy the sites for at least twenty years.

In Malta and Cyprus, Phoenix will operate the neutral host independent tower model to facilitate increased coverage expansion for all wireless operators and ultimately increased connectivity for the populations of both countries.

Phoenix also expanded its European footprint in Ireland and France through further tower acquisitions that closed in the last month and are now being integrated into the established operations in each country. This brings the total added, year to date, to 274 sites.

With these latest transactions, Phoenix owns and operates 4,285 wireless infrastructure tower sites across Europe in Ireland, France, Italy, Malta, and Cyprus, making it one of the largest owners of wireless towers across the region.

“We have grown our presence in Europe rapidly and have established operations in five countries in less than two years. It is a testament to the speed and flexibility with which we can approach acquisition and partnership agreements and set up local operations that will ultimately improve wireless coverage and connectivity for citizens across nations,” commented Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.

“The global telecommunications industry is expanding,” added Kasavana. “Phoenix Tower International is well-positioned operationally and financially to support and accelerate this growth and we’re poised to see the continued ongoing expansion of our business across all markets in the coming months and years ahead.”

About Phoenix Tower International

Phoenix Tower International (“Phoenix”) owns and operates over 13,500 towers, 986 km of fiber, and over 80,000 other wireless infrastructure and related sites in 18 countries 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

Phoenix Tower International Closes Multi-Jurisdiction HoldCo Financing Facility with CDPQ and AMP Capital to Support Further International Growth

May 14, 2021

Phoenix Tower International (PTI), a leading wireless communications infrastructure provider, today announced it has closed a HoldCo financing facility to continue its international expansion. The transaction consists of three tranches at close that may be further increased through an accordion feature up to a total of EUR 775 million (approx. USD 940 million) to fund future growth. Caisse de dépôt et placement du Québec (CDPQ), a global investment group, and AMP Capital, a global investment manager, provided the financing.

The multi-jurisdiction facility is a landmark transaction underpinning PTI’s continued focus on being a leading global provider of infrastructure assets. The facility will be used to fund PTI’s recent growth in Europe and provides substantial additional capacity to support further growth in both existing and new markets worldwide.

“This financing provides PTI with the flexibility to continue to grow our business across all markets with incremental financing available at our disposal, and will allow us to deliver for our customers, counterparties and business partners in an expedited manner with a strong lender group. CDPQ and AMP Capital’s financing will support PTI as we continue to construct and invest in digital infrastructure across all markets and lead the necessary 4G and 5G build-outs on behalf of our customers and the populations we serve around the world,” said Dagan Kasavana, Chief Executive Officer of PTI.

“PTI’s focus on offering value-add infrastructure solutions to our carrier customers is representative of Blackstone’s thematic focus on digital infrastructure and wireless connectivity. We are proud to partner with CDPQ, a long-term partner to Blackstone, and AMP Capital to support our expansion across the US, Europe, and other growth markets ” said Thomas Senecal of Blackstone Tactical Opportunities.

“This financing in PTI builds on our previous experience to contribute to the expansion of digital infrastructure globally, alongside recognized industry leaders in this fast-growing sector,” said Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ. “By providing a customized and flexible financing solution to PTI, CDPQ is supporting a high-quality operator well positioned to seize opportunities in attractive markets that are experiencing a rising demand for connectivity.”

“PTI is one of the leading global owners and operators of tower infrastructure, and AMP Capital is pleased to have collaborated with PTI and CDPQ to implement a highly bespoke financing to support their growth ambitions,” said Patrick Trears, Global Head of Infrastructure Debt at AMP Capital. “With the demand for telecommunication infrastructure set to continue to increase, we believe that PTI is well-placed to assist in meeting this demand and capitalize on associated growth opportunities across their markets. Telecommunications infrastructure remains a key sector for our infrastructure debt strategy, and with this transaction we are pleased to have added another high-quality investment for our investors around the world.”

PTI was represented by Locke Lord. CDPQ and AMP Capital were represented by Norton Rose Fulbright. Terms of the transaction remain confidential between the parties.

About PTI

PTI owns and operates over 12,500 towers, 986 km of fiber and markets over 80,000 other wireless infrastructure and related sites located in 16 countries throughout Europe, the United States, Latin America and the Caribbean.

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 and follow us on LinkedIn.

About CDPQ

At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2020, CDPQ’s net assets total CAD 365.5 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.

About AMP Capital

AMP Capital is a global investment manager with a heritage and strength in real estate and infrastructure, and experience in fixed income, equities and multi-asset solutions. AMP Capital has been investing in infrastructure since 1988 and has US$22bn infrastructure equity and debt assets under management as at 31 December 2020 1. AMP Capital has been ranked in the top 10 infrastructure managers globally, based on total capital raised 2. AMP Capital is owned by AMP Limited, which was established in 1849, and is one of Australia’s largest retail and corporate pension providers.
 

1
As at 31 December 2020.  Figure consists of the Net Asset Value of certain funds and clients managed by AMP Capital taking into account all of the assets less any liabilities.  This includes cash and liquidity of such funds in addition to any committed but undrawn capital.

2 Derived from the 2020 Infrastructure Investor 50. Ranking based on the amount of infrastructure direct investment capital raised by firms between 1 Jan 2015 and 31 Aug 2020

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.

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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