BOCA RATON, Fla., Feb. 28, 2025 /PRNewswire/ — Phoenix Tower Global (PTI) and Cellnex Telecom have closed the assurance, introduced on 5 March 2024, beneath which PTI has bought 100% of Cellnex’s industry in Eire for about €971 million.

The purchase will put together PTI the biggest proprietor of towers in Eire and underscores Phoenix Tower Global’s loyalty to fostering connectivity in nation and contributing to the enhancement of the rustic’s telecommunications infrastructure. This strategic transaction is i’m ready in order really extensive advantages to each the Irish community and Cellular Community Operators (MNOs) running within the area.

Dagan Kasavana, CEO of PTI, mentioned, “We are delighted to have completed this strategic transaction which represents a significant step forward in Phoenix Tower International’s expansion in Europe. This acquisition demonstrates our commitment to Ireland, and we are eager to contribute to the development of robust and advanced telecommunications infrastructure that will benefit both the Irish people and our valued Mobile Network Operator partners. We were happy to work with the professionals at Cellnex and the Irish regulatory authorities to consummate this transaction.”

Nomura and Arthur Cox acted as advisors to PTI.

About Phoenix Tower Global

PTI will, professional forma for this transaction and reduced in size deployments, personal and perform over 29,000 telecom towers all through Europe, america, Latin The usa and the Caribbean. In Europe, PTI is provide in different nations together with France, Italy, Eire, Germany, Malta and Cyprus.

PTI used to be based in 2013 with a undertaking to be a premier website online supplier to wi-fi operators internationally in high-growth markets. PTI’s traders come with budget controlled by way of Blackstone, Wren Area, Blackrock, Grain Control, USS and diverse participants of the control crew and is headquartered in Boca Raton, Florida. For more info, please discuss with www.phoenixintnl.com

SOURCE Phoenix Tower Global