Jamaica Gleaner / Phoenix Tower International (PTI), via its subsidiary Phoenix Tower FWI, has closed its transaction to acquire the ownership or management rights to 215 wireless communication tower sites from Digicel Antilles.
A release from Digicel said the transaction solidifies PTI’s position as the premiere tower company in the Caribbean. However, 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,” said Dagan Kasavana, Chief Executive Officer of Phoenix Tower.
“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,” he added.
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.”
PTI owns and operates more than over 2,100 towers and other wireless infrastructure and related sites throughout Costa Rica, Panama, El Salvador, the Dominican Republic, French West Indies, Colombia, Peru, Puerto Rico and the United States.
PTI is headquartered in Boca Raton, Florida.