Phoenix Tower International (PTI) has successfully completed two transactions that add a total of 1,978 sites in densely populated French regions to its portfolio. The significant acquisitions include 1,226 SFR-hosted sites through its subsidiary, and the expansion of Phoenix France Infrastructures 2, PTI’s other subsidiary, with 752 additional sites that host Bouygues Telecom.
This raises the number of French sites owned by PTI to 3,600, and it is predicted that within two years, this figure will exceed 5,000 sites. Consequently, France is set to become PTI’s major market in terms of site numbers across the 21 countries where they currently operate.
PTI’s CEO, Dagan Kasavanas, shared his insights by saying, “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”, he continued, “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.”
PTI’s Executive Chairman, Tim Culver, affirmed the company’s dedication to France and the European market. He expressed enthusiasm about prospering relations with their customers and the prospect of implementing the company’s business model in France, which he believes will stimulate improved coverage for all carriers in the country.
PTI had announced last year the completion of an agreement to acquire over 1,226 sites in highly populated French regions from Cellnex, in addition to another 2,000 with its joint venture partner, Bouygues Telecom.
In recent years, the company has aggressively been purchasing tower sites across different regions. Notable acquisitions include 3,800 in Chile last year and 650 in Ireland. Post these successful deals, PTI, through its subsidiaries, is set to manage over 22,000 towers spanning Europe, the United States, Latin America, and the Caribbean.
