Boca Raton, FloridaAnd the March 21, 2022 /PRNewswire/ – Phoenix Tower International (“PTI”) announced today that it has entered into a definitive agreement, subject to approval by the French Competition Authority (“FCA”), with Cellnex Telecom to acquire 1,226 telecommunications sites in highly dense areas of France, enabling SFR makes PTI the second largest MNO customer in France. At the same time, PTI, with its joint venture partner Bouygues Telecom, will acquire 2,000 sites in high-density areas. Both transactions are linked to the corrective actions by French competition authorities that followed Cellnex’s acquisition of Hivory last year.
With these latest transactions, along with a previously announced construction program with Bouygues Telecom, PTI will own and operate more than 5,000 sites in France in the coming years, making it one of the largest independent wireless infrastructure providers in the country.
“Through these transactions and our recent closure of more towers in the French Antilles, PTI has expanded its presence in France, one of the most dynamic telecom markets in Europe. PTI’s growth will continue to facilitate the rollout of coverage for all French wireless operators.” all over the country. We are pleased to collaborate with Cellnex specialists on this transaction,” said Dagan Cassavana, CEO of PTI.
“These various transactions continue to reinforce PTI’s commitment to France and the European market. We are very pleased to strengthen our relationship with Bouygues Telecom and expand the standalone tower model in France, which will be a catalyst for improved coverage for all operators.” “, He said Tim ColverCEO of PTI.
Freshfields Brockhaus Deringer The Natixis were PTI counselors. Herbert Smith Freehills were advisors to Cellnex.
About Phoenix International Tower
PTI, through its subsidiaries, will own and operate, initially for these transactions, more than 18,000 telecom towers across Europe, the United States, Latin America and the Caribbean. In Europe, PTI is present in many countries such as France, Italy, Ireland, beer and Cyprus.
PTI was founded in 2013 with the goal of being the number one location provider for wireless carriers around the world in high-growth markets. PTI investors include funds managed by Blackstone and several members of the management team headquartered in Boca Raton, Florida. For more information visit www.phoenixintnl.com
About Cellnex Telecom
Cellnex operates a portfolio of more than 130,000 sites – with deployment expected to 2030 – in Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom and Ireland, PortugalAnd the AustriaDenmark, Sweden and Poland. Cellnex’s activity is divided into four main areas: Communications infrastructure services. audiovisual broadcasting networks; Safety nets, emergency services and solutions to manage smart urban infrastructures and services. The company is listed on the Continuous Market of the Spanish Stock Exchange and is part of the IBEX 35 and EuroStoxx 100 selective indices. for further information: www.cellnex.com
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