Phoenix Tower International, via its subsidiary Phoenix Tower Dominicana S.A.S., has closed its transaction with Trilogy Dominicana, S.A. to acquire the ownership or management and marketing rights relating to over 400 wireless communication tower sites from Viva, the company said.
Terms of the transaction remain confidential between the parties.
Phoenix Tower International owns and operates towers and other wireless infrastructure and related sites throughout Latin America, the Caribbean and the United States. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across various high-growth markets internationally.
Phoenix Tower International and Phoenix Tower do Brasil currently own and operate wireless infrastructure in Costa Rica, Panama, the Dominican Republic, Colombia, Peru, United States and Brazil. PTI´s investors include funds managed by Blackstone Tactical Opportunities, as well as various members of the management team. PTI is based in Boca Raton, Florida.