PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Phoenix Tower International

Press Release


Receive press releases from Phoenix Tower International: By Email PDF Version RSS Feeds:

Phoenix Tower International Closes on Acquisition of 1,039 Wireless Communication Tower Sites in the Dominican Republic


Phoenix Tower International ("PTI") has closed on itís 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.

Boca Raton, FL, October 04, 2018 --(PR.com)-- 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.

In conjunction with the transaction, Altice Dominicana will enter into a 20-year master agreement with PTI setting a clear partnership framework between the two companies. PTI has committed to support Altice Dominicana in the continued deployment of its network.

About Phoenix Tower International:
Founded in 2013, Phoenix Tower International ("PTI") owns and manages over 6,000 towers, 974 km of fiber and other wireless infrastructure and related sites throughout Costa Rica, Panama, El Salvador, Colombia, Peru, Mexico, the Dominican Republic, French West Indies, Jamaica, and the United States, including Puerto Rico and the US Virgin Islands.

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 Information
Phoenix Tower International
Cat Drettmann
561-227-9649
Contact
phoenixintnl.com

Click here to view the list of recent Press Releases from Phoenix Tower International
Promote Your Business