Phoenix Tower International said 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.
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 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.