Phoenix Tower International said it has closed its transaction with T-Mobile to acquire the ownership or management rights relating to over 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.
TD Securities (USA) LLC served as M&A Advisor to PTI and provided financing for the transaction. Locke Lord, LLP acted as legal advisor to PTI. TAP Advisors served as exclusive financial advisor to T-Mobile. Lape Mansfield Nakasian & Gibson, LLC acted as legal advisor to T-Mobile.
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 its affiliates currently own and operate wireless infrastructure in Costa Rica, Panama, the Dominican Republic, Colombia the United States and Brazil.