Under terms of an exclusivity agreement with Outremer Telecom, Phoenix Tower International would acquire 203 wireless towers, together with wireless towers to be constructed during the next 10 years in the French West Indies through a build-to-suit program, according to a statement from Phoenix Tower International. If concluded, the transaction would expand and solidify Phoenix Tower International’s position as the largest tower infrastructure provider in the market with more than 437 towers and would grow its footprint across Europe and the Caribbean, the statement reads. Subject to what Phoenix Tower International said were customary conditions for this type of transaction, the agreement would result in the two companies’ establishing a long-term collaboration in which Outremer Telecom would occupy the sites for at least 20 years.
“With this transaction, Phoenix Tower International would continue to expand its presence across European territories and its disciplined investment strategy,” said Dagan Kasavana, the company’s CEO. “The increased presence of Phoenix Tower International, 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. Phoenix Tower International 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.”
Mathieu Cocq, CEO of Outremer Telecom, expressed enthusiasm about 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,” he said.
Through its subsidiaries, Phoenix Tower International owns and operates more than 14,000 towers, 986 kilometers of fiber and more than 80,000 other wireless infrastructure and related sites in Europe, the United States, Latin America and the Caribbean, the statement from the company reads. It said that Phoenix Tower International was founded in 2013 with a mission to be a premier site provider to wireless operators across the Americas in high-growth markets. According to the company, its investors include funds managed by Blackstone Tactical Opportunities and John Hancock, as well as members of the management team.
“Outremer Telecom provides integrated fixed telephony, mobile telephony and internet access services for residential and business customers in Martinique, Guadeloupe and French Guiana,” the Phoenix Telecom International statement reads. “Created in 1986 under the name Infotel, the group was renamed with its current name in 2000. The group was listed on the Paris stock exchange in 2007. The Altice group acquired Outremer Telecom in 2013. Following the acquisition of SFR by Altice, Outremer Telecom now operates under the SFR brand.”