Spanish telecom infrastructure company Cellnex has announced the sale of its Irish mobile tower unit to Boca Raton, Florida-based Phoenix Tower International (PTI) for about $1.1 Billion, equivalent to a multiple of around 24x EBITDA. This move comes as Cellnex, which currently manages approximately 1,900 tower sites in Ireland, aims to consolidate and simplify its corporate structure as part of …
Two deals add 1,100 towers to Phoenix Tower International’s portfolio
Boca Raton, Fla.-based Phoenix Tower International (PTI) announced that it has reached an agreement with Uniti Group to acquire the ownership rights relating to over 500 wireless communication tower sites located across Mexico, Colombia and Nicaragua. Terms of the transaction remain confidential between the parties. The amount of the sale was approximately $100 million. Speaking about the transaction, PTI CEO, …
Phoenix Tower International’s U.S. footprint expands with deal to acquire the rights to 600 T-Mobile towers
Boca Raton, Fla.-based Phoenix Tower International (PTI) announced yesterday 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 via PTI’s local US subsidiaries. Terms of the transaction remain confidential between the parties. The …
