Phoenix Tower International (PTI) announced that it has completed a definitive agreement — subject to the French Competition Authority (FCA) approval — with Cellnex Telecom to acquire 1,226 telecommunications sites in France. The deal, if approved, would add SFR as a second major MNO client of PTI in France. Simultaneously, PTI with its Joint Venture Partner Bouygues Telecom will be acquiring 2,000 sites in very densely populated areas. Both transactions relate to the French Competition Authority remedies that followed Cellnex’ acquisition of Hivory last year.
With these latest transactions along with its previously announced build program with Bouygues Telecom, PTI will own and operate over 5,000 sites in France in the coming years making it one of the largest independent wireless infrastructure providers in the country. Continue Reading
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