Phoenix Tower International, based in Boca Raton, Florida, recently secured two deals to expand its operations in France with 1,978 sites, a PR Newswire press release reveals.
"With these transactions, PTI diversifies its portfolio across France with sites located all over the country, including major cities to better serve the populations with strong wireless connectivity,” Dagan Kasavana, CEO of PTI said. “France is one of the most dynamic telecom markets in Europe and PTI's growth will continue facilitating coverage deployments for all French wireless operators across the country. We are pleased to have collaborated with the professionals at Cellnex, Bouygues Telecom and SFR on these transactions.”
The transactions will include the acquisition of 1,226 sites that host SFG through a Phoenix Tower International subsidiary and the launch of Bouygues Telecom in 752 sites.
The addition brings the total of Phoenix Tower International sites to 3,600 in France. The company hopes to operate more than 5,000 within the next two years, “making PTI one of the largest independent wireless infrastructure providers in the country, which, after accounting for the closings, makes France PTI's largest market across the 21 markets it is present in globally, based on number of sites.”
Freshfields Bruckhaus Deringer and Natixis contributed to the transaction as advisors to PTI. The expansion was made to fulfill MNO’s growing demand for connectivity in heavily populated areas.
Phoenix Tower International helps operate 22,000 telecom towers across Europe, the United States, Latin America and the Caribbean. In Europe, the company has established a presence in France, Italy, Ireland, Malta and Cyprus.
"These various transactions continue to strengthen PTI's commitment to France and the European Market,” Executive Chairman of PTI, Tim Culver, said. “We are excited to continue to expand our relationship with our customers and pursue the implementation of our business model in France which will be a catalyst for improved coverage for all carriers.”