Phoenix Tower International Expands French Footprint with 2,000 Cell Site Acquisition
Major Expansion in the French Telecom Market
Phoenix Tower International (PTI), a Florida-based company, has significantly expanded its presence in the French telecom market through the acquisition of 1,978 cell sites. This move positions France as PTI’s largest market.
Strategic Acquisitions to Bolster Network
PTI completed two separate deals to acquire these sites. The first deal involved acquiring 1,226 sites hosting French operator SFR through a wholly-owned subsidiary. The second deal expanded PTI’s Phoenix France Infrastructures 2 subsidiary by adding 752 sites hosting Bouygues Telecom.
Aiming for a More Extensive Network
These new sites will supplement the over 1,600 sites PTI already owns in France. The company has set a goal to increase its total number of sites in the country to 5,000 within the next two years.
Enhancing Wireless Connectivity in France
Dagan Kasavana, CEO of PTI, highlighted the significance of these transactions, noting they diversify PTI’s portfolio across France, including major cities. This expansion is aimed at bolstering wireless connectivity for the population.
Collaborations with Major Telecom Operators
Kasavana expressed satisfaction with the collaboration with Cellnex, Bouygues Telecom, and SFR, emphasizing PTI’s role in facilitating coverage deployments for all French wireless operators. These partnerships underscore PTI’s commitment to enhancing the telecom infrastructure in France.
France as PTI’s Largest Market
Following these transactions, France has become the most significant market for PTI among the 21 countries it operates in. PTI now manages over 22,000 towers across Europe and the Americas, marking its substantial presence in the global telecom sector.
Previous Partnership with Bouygues Telecom
In 2020, PTI had already forged a partnership with Bouygues Telecom to develop 4,000 new wireless towers in rural areas of France over the coming 12 years, demonstrating PTI’s long-term commitment to expanding its network infrastructure in the region.