Phoenix Tower Agrees to Own and Operate Towers in the French West Indies

 Phoenix Tower International (PTI) and Outremer Telecom yesterday 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 transaction gives PTI over 437 towers in that market. The deal will result in Phoenix and Outremer Telecom establishing a long-term partnership whereby Outremer Telecom would occupy the sites for at least 20 years.

“With this transaction, PTI would continue to expand its presence across European territories and its disciplined investment strategy,” stated Phoenix Tower International CEO Dagan Kasavana. “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,” he added.

“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 Outremer Telecom CEO Mathieu Cocq.