BOCA RATON, Fla., July 14, 2021 / PRNewswire / – Phoenix Tower International (“Phoenix”) has signed an agreement with Monaco Telecom to purchase over 830 cell towers completed and newly built cell towers across Malta and Cyprus acquired through a build-to-suit (BTS) program over a period of six years. Phoenix is now the largest provider of tower infrastructure in both countries and the long-term partnership with Monaco Telecom through this deal will result in the operator occupying the locations for at least twenty years. Phoenix Tower International – LOGO (PRNewsfoto / Phoenix Tower International) In Malta and Cyprus, Phoenix will operate the neutral host-independent tower model to enable expanded coverage for all mobile operators and ultimately improved connectivity for the population of both countries. Phoenix also expanded its European presence in Ireland and France through further tower acquisitions that last month and are now being integrated into the established establishments in each country. This means that a total of 274 locations have been added in the year to date. With these recent transactions, Phoenix owns and operates 4,285 wireless infrastructure tower locations across Europe in Ireland, France, Italy, Malta and Cyprus, making it one of the largest cell tower owners in the region. “We have rapidly expanded our presence in Europe and established offices in five countries in less than two years. This is testament to the speed and flexibility with which we can approach acquisition and partnership agreements and build local operations that ultimately provide wireless coverage and improve connectivity for citizens in all countries, “commented Dagan Kasavana, Chief Executive Officer of Phoenix Tower International. “The global telecommunications industry is expanding,” added Kasavana. “Phoenix Tower International is operationally and financially well positioned to support and accelerate this growth, and we are poised to see our business continue to expand in all markets in the months and years to come.” Story continuesAbout Phoenix Tower InternationalPhoenix Tower International (“Phoenix”) owns and operates over 13,500 towers, 986 km of fiber, and over 80,000 other wireless infrastructure and associated locations in 18 countries across Europe, the United States, Latin America and the Caribbean. Phoenix was founded in 2013 with a with Mission, To be a leading location provider for wireless operators across America in high-growth markets. Phoenix investors include funds managed by Blackstone Tactical Opportunities and John Hancock, as well as various members of the management team. For more information, visit www.phoenixintnl.com.Cision View original multimedia download content: https://www.prnewswire.com/news-releases/phoenix-tower-international-builds-momentum-and-footprint-across-europe – to-support-the-growth-of-wireless-networks-and-adoption-of-5g-301333058.html SOURCE Phoenix Tower International
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