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.