Unveiling an intriguing alliance, Liberty Latin America plans to sell 1,300 mobile tower sites to Phoenix Tower International for $407 million, paving a strategic path toward debt reduction and further enterprise investment. This comprehensive deal, incorporating markets from Panama to Puerto Rico, uniquely positions PTI in the telecom landscape and underscores Liberty Latin America’s focus on mergers and acquisitions to amplify its regional impact.
Phoenix Tower International’s acquisition of NOVEC’s German unit offers a lucrative entry point into a high-potential European market, despite a downturn in mergers and acquisitions within the tower sector. This pivotal move solidifies Phoenix Tower’s expansion strategy, leveraging Germany’s stature as Europe’s largest economy and a global wireless build-out hub. Intriguingly, Phoenix’s bold move contrasts with rivals like Cellnex, who have curbed spending due to financial pressures. This daring feat underscores the fluidity and continuous evolution in the telecommunications infrastructure sector.
Phoenix Tower International has bolstered its French network with two acquisitions totaling 1,978 sites, strategically placed in populous regions. With the latest addition of SFR-hosted and Bouygues Telecom sites, PTI’s French portfolio now stands at 3,600 sites which is expected to surpass 5,000 within two years. CEO, Dagan Kasavanas highlighted how these acquisitions will enhance wireless connectivity across France, positioning the country as a key player within PTI’s 21-country operation range.
ITU platform to protect networks during Covid-19 The International Telecommunications Union (ITU) has introduced the Global Network Resiliency Platform to help global networks remain “safer, stronger and more connected” in the face of increasing strain and growing demand during the coronavirus crisis. ITU Secretary-General Houlin Zhao said, “The new platform will assist governments and the private sector in ensuring that networks are kept resilient and telecommunication services are available to all.” Also, this platform will collect relevant information and expertise on actions that telecommunication policymakers and others in the regulatory community can use to ensure that their telecom networks serve the needs of their country. Read more at https://tinyurl.com/vam4enm Remote working triggers demand for chips, laptops, and network goods As more and more employees switch to remote work during the outbreak of coronavirus disease, the demand for laptops, networking goods and supply chain components has increased substantially. Therefore, electronics retailers and…
