Phoenix Tower International Acquires Cellnex's Business in Ireland, Boosting Telecommunications Infrastructure

Phoenix Tower International Acquires Cellnex's Business in Ireland

Boca Raton, Florida-based Phoenix Tower International (PTI) has successfully finalized its acquisition of Cellnex Telecom's business operations in Ireland for approximately €971 million. Announced on March 5, 2024, this strategic move marks a significant milestone for PTI, establishing them as the largest telecom tower owner in the Irish market.

The deal not only enhances PTI's footprint in Europe, but it also emphasizes their commitment to improving connectivity within the country and advancing Ireland's telecommunications infrastructure. This acquisition is poised to generate substantial benefits for the Irish populace and mobile network operators (MNOs) looking to operate seamlessly in the region.

Dagan Kasavana, CEO of Phoenix Tower International, expressed his enthusiasm regarding the completion of this important transaction. He stated, "We are delighted to have completed this strategic transaction which represents a significant step forward in Phoenix Tower International's expansion in Europe. This acquisition demonstrates our commitment to Ireland, and we are eager to contribute to the development of robust and advanced telecommunications infrastructure that will benefit both the Irish people and our valued Mobile Network Operator partners."

His sentiment highlights not just the corporate ambition, but also a sincere dedication to supporting community needs through enhanced communication services. The collaboration with Cellnex’s professionals and Irish regulatory bodies played a crucial role in seamlessly consummating this transaction.

With this acquisition in place, PTI will now manage and operate a robust collection of over 29,000 telecom towers across Europe, the United States, Latin America, and the Caribbean. Their presence extends to several European countries, including France, Italy, Germany, and more, further solidifying their status as a premier site provider to wireless operators worldwide. PTI was established in 2013, guided by a mission to empower high-growth markets with quality telecommunication solutions.

This acquisition is also expected to generate job opportunities and economic growth, stimulating the local economy through increased business for contractors and service providers involved in the telecommunications sector. By reinforcing communication networks, PTI aims to equip mobile operators with the infrastructure necessary to accommodate and support a growing customer base while facilitating advanced technologies like 5G in upcoming years.

Looking ahead, PTI's expansion into Ireland reflects an overarching strategy to create a solid foundation for further endeavors across Europe. The company’s effective management and operational prowess are now set to play an influential role in shaping the technological landscape of Ireland.

For additional specifics on Phoenix Tower International's goals and projects, or to learn more about innovative telecommunications infrastructure, visit www.phoenixintnl.com.