Phoenix Tower International closes on 1,978 Sites across France

PTI successfully closed two transactions today with respect to 1,978 sites strategically located in very dense urban areas across France. PTI successfully closed two transactions today with respect to 1,978 sites strategically located in very dense urban areas acrossFrance. The closings include the acquisition of 1,226 sites hosting SFR through a subsidiary 100% owned by PTI, and the expansion of Phoenix France Infrastructures 2, a subsidiary of PTI, through the addition of 752 sites...

Europe, 31/08/2023 (informazione.it - comunicati stampa - telecomunicazioni)

PTI successfully closed two transactions today with respect to 1,978 sites strategically located in very dense urban areas across France .

The closings include the acquisition of 1,226 sites hosting SFR through a subsidiary 100% owned by PTI, and the expansion of Phoenix France Infrastructures 2, a subsidiary of PTI, through the addition of 752 sites hosting Bouygues Telecom.

This achievement marks a crucial step in PTI's commitment to expand in France and supporting the MNOs in their ever-growing demand for reliable connectivity in densely populated regions.

Taking into account the recent acquisitions, along with its previously announced build program, PTI will own over 3,600 sites in France and is on track to own and operate over 5,000 sites within the 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 acted as advisors to PTI.

About Phoenix Tower International

PTI, through its subsidiaries, will, pro forma for these transactions, own and operate over 22,000 telecom towers throughout Europe , the United States , Latin America and the Caribbean . In Europe , PTI is present in several countries including France , Italy , Ireland , Malta and Cyprus .

PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI's investors include funds managed by Blackstone, Wren House and various members of the management team and is headquartered in Boca Raton, Florida . For more information, please visit www.phoenixintnl.com

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