Phoenix Tower International (“PTI”) via its subsidiary Phoenix Tower International ES S.A. de C.V. has closed its transaction with Digicel S.A. de C.V. to acquire the ownership or management rights to 202 wireless communication tower sites from Digicel, the company said.
Terms of the transaction remain confidential between the parties.
Scotiabank arranged financing for the transaction and acted as Phoenix´s sole financial advisor for the acquisition. Choate Hall & Stewart LLP and Nassar Abogados acted as legal advisors to PTI. Orrick acted as legal advisor to Digicel.
Phoenix Tower Internationalowns and operates over 1,400 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 the Americas high-growth markets. It currently owns and operates wireless infrastructure in Costa Rica, Panama, El Salvador, the Dominican Republic, Colombia, Peru and the United States including Puerto Rico. PTI´s investors include funds managed by Blackstone Tactical Opportunities as well as various members of the management team, and is headquartered in Boca Raton, Florida.