Phoenix Tower International yesterday announced the signing of an agreement with eir to purchase over 650 wireless towers and acquire newly constructed wireless towers over eight years across Ireland through a build-to-suit program. The transaction positions Phoenix as the largest tower infrastructure provider in Ireland, expanding its footprint in Europe. Phoenix owns and manages towers in the United States, Latin America and the Caribbean. The company announced eir will occupy the sites for at least twenty years.
“We are excited to enter the Irish wireless infrastructure market and partner with eir on such an important transaction. The global pandemic related to COVID-19 has impacted all of our communities and highlights the importance of wireless infrastructure to support global trade, commerce and social connections. This will not diminish as economies rebound in the coming months and years ahead,” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.
“Ireland represents an important economic hub for Europe and the world and we are proud to support eir on their ongoing build-outs across the country. This transaction further expands PTI’s global footprint and we are excited to be a long-term partner of eir,” said Tim Culver, Executive Chairman of Phoenix Tower International.
“We are excited to partner with eir to deliver improved wireless connectivity to its customers. This transaction exemplifies Phoenix’s strategy of entering into growth markets as a partner to top-tier wireless carriers,” said Jasvinder Khaira, a Senior Managing Director in Blackstone Tactical Opportunities. “Phoenix is committed to growing in Europe and finding opportunities to support carriers and usher in the 5G technology revolution.”