Phoenix Tower International is building momentum and presence across Europe to support the growth of wireless networks and the adoption of 5G | National news

signs agreement with Monaco Telecom to own and operate tower locations across Malta and Cyprus

BOCA RATON, Florida., July 14, 2021 / PRNewswire / – Phoenix Tower International (“Phoenix“) has closed its agreement with Monaco Telecom for the purchase of over 830 cell towers and the acquisition of newly built cell towers over a period of six years Malta and Cyprus through a Build-to-Suit (BTS) program. Phoenix is now the largest provider of tower infrastructure in both countries, and the long-term partnership with Monaco Telecom through this deal will see the operator occupy the sites for at least twenty years.

in the Malta and Cyprus, Phoenix will operate the neutral host-independent tower model to enable expanded coverage for all cellular operators and ultimately improved connectivity for the population of both countries.

Phoenix also built its European presence in Ireland and France through further tower acquisitions that were completed last month and are now being integrated into the established operations in each country. This brings the total number to 274 locations since the beginning of the year.

With these last transactions, Phoenix owns and operates 4,285 wireless infrastructure tower locations throughout Europe in the Ireland, France, Italy, Malta, and Cyprusmaking it one of the largest radio tower owners in the region.

“We have our presence in Europe quickly and have set up offices in five countries in less than two years. It is a testament to the speed and flexibility with which we can approach acquisition and partnership agreements and build local operations that will ultimately improve wireless coverage and connectivity for citizens in all countries, “said Dagan Kasavana, chief executive officer of Phoenix Tower International .

“The global telecommunications industry is expanding,” added Kasavana. “Phoenix Tower International is well positioned operationally and financially to support and accelerate this growth, and we stand ready to see our business continue to expand in all markets over the coming months and years.”

About Phoenix Tower International

Phoenix Tower International (“Phoenix“) owns and operates over 13,500 towers, 986 km of fiber and over 80,000 other wireless infrastructures and associated locations in 18 countries Europe, The United States, Latin America, and the Caribbean.

Phoenix was founded in 2013 with the goal of being a leading location provider for wireless operators across America in high-growth markets. Phoenix’s Investors include funds managed by Blackstone Tactical Opportunities and John Hancock, as well as various members of the management team. Further information is available at www.phoenixintnl.com.

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