BOCA RATON, Fla., Feb. 28, 2025 /PRNewswire/ — Phoenix Tower Global (PTI) and Cellnex Telecom have closed the commitment, introduced on 5 March 2024, below which PTI has got 100% of Cellnex’s trade in Eire for roughly €971 million.
The purchase will create PTI the biggest proprietor of towers in Eire and underscores Phoenix Tower Global’s constancy to fostering connectivity in nation and contributing to the enhancement of the rustic’s telecommunications infrastructure. This strategic transaction is set in order really extensive advantages to each the Irish people and Cell Community Operators (MNOs) working 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 gotten smaller deployments, personal and function over 29,000 telecom towers all over Europe, the US, Latin The usa and the Caribbean. In Europe, PTI is provide in different international locations together with France, Italy, Eire, Germany, Malta and Cyprus.
PTI used to be based in 2013 with a project to be a premier web page supplier to wi-fi operators the world over in high-growth markets. PTI’s traders come with finances controlled by means of Blackstone, Wren Space, Blackrock, Grain Control, USS and numerous participants of the control group and is headquartered in Boca Raton, Florida. For more info, please talk over with www.phoenixintnl.com
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