BOCA RATON, Fla., Oct. 19, 2021 /PRNewswire/ -- Phoenix Tower
International ("Phoenix") and
Outremer Telecom today announced they have entered into an
exclusivity agreement regarding the acquisition by Phoenix of 203 wireless towers, together with
newly constructed wireless towers over 10 years across the French
West Indies through a build-to-suit program. The foregoing
transaction would expand and solidify Phoenix's leadership position as the largest
tower infrastructure provider in the market with over 437 towers
and grow its footprint across Europe and the Caribbean. The transaction will be subject to
customary conditions precedents for this type of transaction. It
would result in Phoenix and
Outremer Telecom establishing a long-term partnership whereby
Outremer Telecom would occupy the sites for at least twenty
years.
"With this transaction, PTI would continue to expand its
presence across European territories and its disciplined investment
strategy. The increased presence of PTI, a neutral host independent
tower company, in the region would facilitate increased coverage
expansion for all wireless operators and ultimately enhanced
connectivity for the population of French West Indies. PTI is proud
to be working with the mobile network operators across the world
and is pleased to have entered into advanced discussions with the
Altice Group on this transaction", stated Dagan Kasavana, Chief
Executive Officer of Phoenix Tower International.
"I am enthusiastic about the prospect of creating a new tower
partnership in the French West Indies. Phoenix Tower International
would be a long-term partner of the highest quality who shares our
vision to invest in leading infrastructure", stated Mathieu Cocq, Chief Executive Officer of
Outremer Telecom.
About Phoenix Tower International
Phoenix, through its
subsidiaries, 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.
Phoenix was founded in 2013
with a mission to be a premier site provider to wireless operators
across the Americas 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.
For more information, please visit www.phoenixintnl.com.
Choate Hall & Stewart and
Dentons acted as legal advisors to PTI.
About Outremer Telecom
Outremer Telecom provides integrated fixed telephony, mobile
telephony, and Internet access services for residential and
business customers in Martinique,
Guadeloupe and French Guiana.
Created in 1986 under the name Infotel, the group was renamed
with its current name in 2000. The group was listed on the
Paris stock exchange in 2007. The
Altice group acquired Outremer Telecom in
2013. Following the acquisition of SFR by Altice,
Outremer Telecom now operates under the SFR brand.