Predict your next investment

Phoenix Tower International company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Towers & Infrastructure
phoenixintnl.com

See what CB Insights has to offer

Founded Year

2013

Stage

Line of Credit - II | Alive

Total Raised

$530M

About Phoenix Tower International

Phoenix Tower International (PTI) owns and operates towers and other wireless infrastructure and related sites throughout Latin America. PTI's customers include America Movil, Telefonica, Cable & Wireless Communications, and Digicel Group. PTI was founded with a mission to partner and transact with wireless infrastructure developers, wireless operators, and real estate owners, and to be a premier site provider to wireless operators across various high-growth markets internationally. PTI is currently operating in Costa Rica, Panama, Colombia, and Brazil.

Phoenix Tower International Headquarter Location

999 Yamato Road Suite 100

Boca Raton, Florida, 33431,

United States

561-257-0557

Latest Phoenix Tower International News

Phoenix plots further growth with West Indies tower deal

Oct 20, 2021

Phoenix Tower International took a further step in its growth strategy with the announcement that it intends to buy towers from Altice -owned Outremer Telecom in the French West Indies. Phoenix said it entered into an exclusivity agreement with Outremer Telecom regarding the acquisition of 203 wireless towers, together with newly constructed wireless towers over ten years across the French West Indies through a build-to-suit program. Outremer Telecom, which was acquired by Altice in 2013 and now operates under the SFR brand, would occupy the sites for at least 20 years. From the ashes: Phoenix Tower has been on a shopping spree since 2020. (Source: Pixabay) Phoenix, through its subsidiaries, now owns and operates over 14,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites throughout Europe, the United States, Latin America and the Caribbean. Investors include funds managed by Blackstone Tactical Opportunities and John Hancock , as well as various members of the management team. Towering growth While perhaps less acquisitive than Spain-based Cellnex , the towerco has been ramping up its activities in recent months. In 2020, the towerco made its first inroads into Europe, announcing deals in France and Ireland. It then bought TowerTel in Italy in December 2020. In July this year, it reached an agreement with Monaco Telecom to buy 830 wireless towers and acquire newly constructed wireless towers over six years in Malta and Cyprus. Monaco Telecom is majority-owned by French entrepreneur Xavier Niel via his investment unit NJJ Capital. In an interview with TowerXchange in April , Tim Culver, executive chairman of Phoenix, said the towerco only likes to pursue transactions where it can have a differentiated growth strategy. Want to know more about 5G? Check out our dedicated 5G content channel here on Light Reading. In Italy, for example, he noted that Cellnex and Inwit have achieved strong market positions by partnering with certain carriers in the market. Phoenix "had the ability to acquire a tower platform, TowerTel, from EI Towers and all the MNOs were already doing business with them," he said. Dagan Kasavana, CEO of Phoenix, indicated at the time that further deals are ahead in Europe and the Americas. "The market will reward us if we stay focused on the customers’ needs. So, we will stay focused on finding these types of similar opportunities as well as larger markets where we feel we have a unique business plan and edge versus other players in the market," he said. Related posts:

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Phoenix Tower International Patents

Phoenix Tower International has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/19/2010

12/25/2012

Spectroscopy, Infrared spectroscopy, Molecular physics, Radio electronics, Molecular geometry

Grant

Application Date

4/19/2010

Grant Date

12/25/2012

Title

Related Topics

Spectroscopy, Infrared spectroscopy, Molecular physics, Radio electronics, Molecular geometry

Status

Grant

Phoenix Tower International Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Phoenix Tower International Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.