Blackstone Portfolio Company Phoenix Tower International Announces Acquisition of T4U Holding Brasil S.A., Comprising More Th...
June 15 2015 - 9:00AM
Business Wire
Phoenix Tower International (“PTI”), owned by funds managed by
Blackstone’s Tactical Opportunities business, announces the
acquisition of T4U Holding Brasil, S.A. (“T4U”). The acquisition is
to be structured as a merger of T4U into PTI’s existing Brazilian
tower business. Terms of the transaction were not disclosed.
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The combined businesses will operate under the name Phoenix
Tower do Brasil, which will own and operate 529 wireless
infrastructure assets with a pipeline of over 250 wireless towers
under construction for all of the major wireless operators in
Brazil.
“We are thrilled to announce this investment in Brazil, a market
where we see considerable growth in the wireless market and where
we hope to explore further investment activity more broadly,” said
Jasvinder Khaira, a Managing Director in Blackstone’s Tactical
Opportunities business. “We believe the combination of PTI and
T4U’s experienced teams create a strong foundation from which to
build upon T4U’s existing portfolio of assets and pursue additional
growth opportunities in the sector.”
“We feel that the merged business offers our wireless customers
a significant footprint of high quality tower assets in major urban
locations across Brazil as well as a strong combined team of
experienced tower professionals focused on leasing, operating and
building towers to meet our customer’s network demands now and in
the future,” said Dagan Kasavana, Chief Executive Officer of
Phoenix Tower International.
About Phoenix Tower International
Phoenix Tower International (“PTI”) owns and operates towers and
other wireless infrastructure and related sites throughout Latin
America and the United States. PTI’s customers include América
Móvil, Telefonica, Cable & Wireless Communications, AT&T,
T-Mobile, Sprint-Nextel, Verizon and Digicel Group. PTI was founded
in 2013 with a mission to be a premier site provider to wireless
operators across various high-growth markets internationally. PTI
is currently operating in Costa Rica, Panama, Dominican Republic,
Colombia, the United States and Brazil. PTI’s investors include
funds managed by Blackstone Tactical Opportunities, as well as
various members of the management team. PTI is based in Boca Raton,
Florida. For more information about Phoenix Tower International,
please visit www.phoenixintnl.com.
About Blackstone
Blackstone’s Tactical Opportunities business employs an
opportunistic investment strategy across asset classes, industries
and geographies. The strategy seeks to capitalize on time-sensitive
or non-traditional investment opportunities that are differentiated
and difficult to source, analyze or execute.
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with over $300 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis. Blackstone also
provides various financial advisory services, including financial
and strategic advisory, restructuring and reorganization advisory
and fund placement services. Further information is available at
www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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BlackstonePeter Rose, 212-583-5871Rose@Blackstone.com
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