Thursday 8th February 2018 – Kingston, Jamaica: Phoenix Tower International (“PTI”) via its subsidiary Phoenix Tower FWI, S.A.S. announces that it has closed its transaction with Digicel Antilles Francaises Guyane (“Digicel”) to acquire the ownership or management rights relating to 215 wireless communication tower sites from Digicel. This latest transaction solidifies PTI’s position as the premiere tower company in the Caribbean. Terms of the transaction remain confidential between the parties.
“PTI is enthused to continue to work closely with Digicel and was uniquely positioned to execute this transaction given our existing presence in the Dominican Republic and Puerto Rico. The French West Indies exhibit the hallmarks of a healthy wireless infrastructure market with multiple wireless operators that have significant network capex needs and a stable regulatory environment. PTI looks forward to continuing to work with Digicel and the other operators on their network build outs in the French West Indies and sees other opportunities across the Caribbean where PTI is uniquely suited to make investments over the coming years. Because of our flexible investment strategy and strong operating platform, we are able to effectively partner with multinational wireless operators in a way that is truly unique. This transaction further exemplifies PTI’s commitment to help our customers achieve their goals.” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.
Commenting on the transaction, Digicel Group CEO, Colm Delves, said; “We’re very pleased to be partnering with PTI on this transaction in the French West Indies, having previously successfully done so in El Salvador. We look forward to continue building on the strong partnership already established between Digicel and PTI.”
Choate Hall & Stewart LLP and Dentons Europe acted as legal advisors to PTI. Orrick and Mayer Brown acted as legal advisors to Digicel.