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Phoenix Tower International to acquire over 3,200 towers from Cellnex Telecom in France

March 21, 2022 by Mauricio Campos

March 21, 2022

Phoenix Tower International (“PTI”) today 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 very dense areas in France adding 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 dense 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.

“With these transactions and our recent closing of more towers in the French West Indies, PTI expands its presence in France, one of the most dynamic telecom markets in Europe. PTI’s growth will continue facilitating coverage deployments for all French wireless operators across the country. We are pleased to have collaborated with the professionals at Cellnex on this transaction.” stated Dagan Kasavana, CEO of PTI.

“These various transactions continue to strengthen PTI’s commitment to France and the European Market. We are excited to enhance our relationship with Bouygues Telecom and expand the independent tower model in France which will be a catalyst for improved coverage for all carriers” said Tim Culver, Executive Chairman of PTI.

Freshfields Bruckhaus Deringer and Natixis acted as advisors to PTI. Herbert Smith Freehills acted as Cellnex advisors.

About Phoenix Tower International

PTI, through its subsidiaries, will, pro forma for these transactions, own and operate over 18,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. In Europe, PTI is present in several countries including France, Italy, Ireland, Malta and Cyprus.

PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’s investors include funds managed by Blackstone and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com

About Cellnex Telecom

Cellnex manages a portfolio of more than 130,000 sites —including forecast roll-outs up to 2030— in Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom, Ireland, Portugal, Austria, Denmark, Sweden and Poland. Cellnex’s business is structured in four major areas: telecommunication infrastructures services; audiovisual broadcasting networks; security and emergency service networks and solutions for smart urban infrastructure and services management. The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35 and EuroStoxx 100 indices. For more information: www.cellnex.com

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Blackstone Infrastructure Partners Acquires Stake in Phoenix Tower International

January 19, 2022 by Mauricio Campos

18 January 2022

Blackstone Infrastructure’s capital will enable Phoenix Tower International to accelerate growth
Digital Infrastructure – which enables mobile connectivity and cloud-based computing for the businesses driving today’s economy – has long been a high conviction investment theme for Blackstone, with COVID-19 accelerating the sector’s growth and required investment
PTI’s expansion is focused throughout the Americas and Europe

NEW YORK, NY – January 18, 2022 – Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure Partners (“Blackstone” or “the company”) have purchased a 35% stake in Phoenix Tower International (PTI), a leading private cell tower platform in the Americas and Europe, from Manulife Investment Management.

Founded in 2013, Phoenix Tower International operates over 14,000 cell towers across 18 countries. PTI owns and operates high quality wireless infrastructure sites in markets experiencing strong wireless usage growth around the world. PTI’s expansion is focused throughout the Americas and Europe.

Commenting on the announcement, Greg Blank, Senior Managing Director in Blackstone’s infrastructure business said, “We are thrilled to partner with Dagan Kasavana and the entire PTI team. Cell towers represent one of the highest-quality and most durable infrastructure asset classes given their mission critical nature and long-term growth tailwinds. We look forward to supporting PTI’s continued growth and expansion by leveraging Blackstone’s scale and resources.”

Commenting on the announcement, CEO of Phoenix Tower International, Dagan Kasavana said, “There is a massive growth opportunity in the wireless infrastructure sector across the world, and I am pleased to have world-class partners from Blackstone on my team to continue to expand the business. We are excited to continue the growth journey for PTI with Blackstone Infrastructure.”

Commenting on the transaction, Recep Kendircioglu, Head of Infrastructure Investments at Manulife Investment Management said: “The Manulife Investment Management team is pleased to have had the opportunity to partner with Dagan and the entire Phoenix Tower International team over the years. Our investment in PTI supported our goal to expand digital connectivity globally, and, together with the PTI team, we achieved a great outcome. We look forward to watching that growth continue through a new partnership.”

Today’s investment in Phoenix Tower International is the most recent example of digital infrastructure platform investments for Blackstone. Digital Infrastructure – which enables mobile connectivity and cloud-based computing for the businesses driving today’s economy – has long been an area of focus for Blackstone, with COVID-19 accelerating the sector’s growth and required investment. Most recently, Blackstone invested in QTS, a leading data center company and Hotwire, a leading provider of fiber-to-the-home in the United States.

Rothschild & Co acted as financial advisor to Blackstone Infrastructure Partners, while Simpson Thacher & Bartlett served as legal advisor.

About Blackstone Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Blackstone Infrastructure Partners Blackstone Infrastructure Partners is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.

Phoenix Tower International PTI owns and operates over 14,000 towers and other wireless infrastructure and related sites across 18 countries in the Americas and Europe. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across high-growth international markets. PTI’s investors include funds managed by Blackstone and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com.

About Manulife Investment Management Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement.

Contact Paula Chirhart Paula.Chirhart@Blackstone.com 347-463-5453

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Phoenix Tower International Signs Exclusivity Agreement with Outremer Telecom to Own and Operate Tower Sites Across French West Indies

October 18, 2021 by Ingrid Gutierrez

October 18, 2021

Phoenix Tower International (“Phoenix”) and Outremer Telecom today 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 foregoing transaction would expand and solidify Phoenix’s leadership position as the largest tower infrastructure provider in the market with over 437 towers and grow its footprint across Europe and the Caribbean. The transaction will be subject to customary conditions precedents for this type of transaction. It would result in Phoenix and Outremer Telecom establishing a long-term partnership whereby Outremer Telecom would occupy the sites for at least twenty years.

“With this transaction, PTI would continue to expand its presence across European territories and its disciplined investment strategy. 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”, stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.

“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 Mathieu Cocq, Chief Executive Officer of Outremer Telecom.

About Phoenix Tower International

Phoenix, through its subsidiaries, owns and operates over 14,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites throughout Europe, the United States, Latin America and the Caribbean.

Phoenix was founded in 2013 with a mission to be a premier site provider to wireless operators across the Americas in high-growth markets. Phoenix’s investors include funds managed by Blackstone Tactical Opportunities and John Hancock, as well as various members of the management team. For more information, please visit www.phoenixintnl.com.

Choate Hall & Stewart and Dentons acted as legal advisors to PTI.

About Outremer Telecom

Outremer Telecom provides integrated fixed telephony, mobile telephony, and Internet access services for residential and business customers in Martinique, Guadeloupe and French Guiana.

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.

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WIA elects Dagan Kasavana to Board of Directors

October 7, 2021 by Ingrid Gutierrez

October 6, 2021

The Wireless Infrastructure Association (WIA) announced the election of Dagan Kasavana, CEO of Phoenix Tower International, to the organization’s Board of Directors.

“We are thrilled by the addition of Dagan to our Board of Directors,” said WIA President and CEO Jonathan Adelstein. “Our exceptional, forward-thinking Board has kept WIA a first-class organization that successfully represents industry priorities in Washington and in state capitals across the country. Dagan brings a wealth of knowledge and expertise and will be welcomed additions to WIA leadership. We are eager to work with him as we look towards an exciting future of accelerating 5G deployment and increasing connectivity in all communities.”

“I am honored to join WIA’s Board of Directors to support the important work of the organization. WIA is incredibly effective in promoting industry priorities, such as the responsible, efficient expansion of wireless infrastructure and network advancements,” said Kasavana. “Our industry is critical to providing the broadband access and connectivity Americans need to thrive in a modern economy, and I look forward to working with my fellow Board members to build on WIA’s success.”

About WIA

The Wireless Infrastructure Association (WIA) represents the businesses that build, develop, own, and operate the nation’s wireless infrastructure. WIA advocates for the widespread, responsible deployment of wireless infrastructure to enable mobile broadband for communities everywhere.

About Phoenix Tower International
Phoenix Tower International (“Phoenix”) owns and operates over 13,500 towers, 986 km of fiber, and over 80,000 other wireless infrastructure and related sites in 18 countries throughout Europe, the United States, Latin America, and the Caribbean.

Filed Under: Uncategorized

Phoenix Tower International Builds Momentum and Footprint across Europe to Support Wireless Network Growth and Introduction of 5G

July 13, 2021 by Ingrid Gutierrez

Closes Agreement with Monaco Telecom to Own and Operate Tower Sites Across Malta and Cyprus

July 14, 2021

Phoenix Tower International (“Phoenix”) has closed its agreement with Monaco Telecom to purchase over 830 wireless towers and acquire newly constructed wireless towers over six years across Malta and Cyprus through a build-to-suit (BTS) program. Phoenix is now the largest tower infrastructure provider in both countries and the long-term partnership established with Monaco Telecom through this deal will see the operator occupy the sites for at least twenty years.

In Malta and Cyprus, Phoenix will operate the neutral host independent tower model to facilitate increased coverage expansion for all wireless operators and ultimately increased connectivity for the populations of both countries.

Phoenix also expanded its European footprint in Ireland and France through further tower acquisitions that closed in the last month and are now being integrated into the established operations in each country. This brings the total added, year to date, to 274 sites.

With these latest transactions, Phoenix owns and operates 4,285 wireless infrastructure tower sites across Europe in Ireland, France, Italy, Malta, and Cyprus, making it one of the largest owners of wireless towers across the region.

“We have grown our presence in Europe rapidly and have established operations in five countries in less than two years. It is a testament to the speed and flexibility with which we can approach acquisition and partnership agreements and set up local operations that will ultimately improve wireless coverage and connectivity for citizens across nations,” commented Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.

“The global telecommunications industry is expanding,” added Kasavana. “Phoenix Tower International is well-positioned operationally and financially to support and accelerate this growth and we’re poised to see the continued ongoing expansion of our business across all markets in the coming months and years ahead.”

About Phoenix Tower International

Phoenix Tower International (“Phoenix”) owns and operates over 13,500 towers, 986 km of fiber, and over 80,000 other wireless infrastructure and related sites in 18 countries throughout Europe, the United States, Latin America, and the Caribbean.

Filed Under: Uncategorized

Phoenix Tower International Closes Multi-Jurisdiction HoldCo Financing Facility with CDPQ and AMP Capital to Support Further International Growth

May 14, 2021 by Ingrid Gutierrez

May 14, 2021

Phoenix Tower International (PTI), a leading wireless communications infrastructure provider, today announced it has closed a HoldCo financing facility to continue its international expansion. The transaction consists of three tranches at close that may be further increased through an accordion feature up to a total of EUR 775 million (approx. USD 940 million) to fund future growth. Caisse de dépôt et placement du Québec (CDPQ), a global investment group, and AMP Capital, a global investment manager, provided the financing.

The multi-jurisdiction facility is a landmark transaction underpinning PTI’s continued focus on being a leading global provider of infrastructure assets. The facility will be used to fund PTI’s recent growth in Europe and provides substantial additional capacity to support further growth in both existing and new markets worldwide.

“This financing provides PTI with the flexibility to continue to grow our business across all markets with incremental financing available at our disposal, and will allow us to deliver for our customers, counterparties and business partners in an expedited manner with a strong lender group. CDPQ and AMP Capital’s financing will support PTI as we continue to construct and invest in digital infrastructure across all markets and lead the necessary 4G and 5G build-outs on behalf of our customers and the populations we serve around the world,” said Dagan Kasavana, Chief Executive Officer of PTI.

“PTI’s focus on offering value-add infrastructure solutions to our carrier customers is representative of Blackstone’s thematic focus on digital infrastructure and wireless connectivity. We are proud to partner with CDPQ, a long-term partner to Blackstone, and AMP Capital to support our expansion across the US, Europe, and other growth markets ” said Thomas Senecal of Blackstone Tactical Opportunities.

“This financing in PTI builds on our previous experience to contribute to the expansion of digital infrastructure globally, alongside recognized industry leaders in this fast-growing sector,” said Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ. “By providing a customized and flexible financing solution to PTI, CDPQ is supporting a high-quality operator well positioned to seize opportunities in attractive markets that are experiencing a rising demand for connectivity.”

“PTI is one of the leading global owners and operators of tower infrastructure, and AMP Capital is pleased to have collaborated with PTI and CDPQ to implement a highly bespoke financing to support their growth ambitions,” said Patrick Trears, Global Head of Infrastructure Debt at AMP Capital. “With the demand for telecommunication infrastructure set to continue to increase, we believe that PTI is well-placed to assist in meeting this demand and capitalize on associated growth opportunities across their markets. Telecommunications infrastructure remains a key sector for our infrastructure debt strategy, and with this transaction we are pleased to have added another high-quality investment for our investors around the world.”

PTI was represented by Locke Lord. CDPQ and AMP Capital were represented by Norton Rose Fulbright. Terms of the transaction remain confidential between the parties.

About PTI

PTI owns and operates over 12,500 towers, 986 km of fiber and markets over 80,000 other wireless infrastructure and related sites located in 16 countries throughout Europe, the United States, Latin America and the Caribbean.

PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the Americas in high-growth markets. PTI’s investors include funds managed by Blackstone Tactical Opportunities and John Hancock, as well as various members of the management team. For more information, please visit www.phoenixintnl.com and follow us on LinkedIn.

About CDPQ

At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2020, CDPQ’s net assets total CAD 365.5 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.

About AMP Capital

AMP Capital is a global investment manager with a heritage and strength in real estate and infrastructure, and experience in fixed income, equities and multi-asset solutions. AMP Capital has been investing in infrastructure since 1988 and has US$22bn infrastructure equity and debt assets under management as at 31 December 2020 ¹. AMP Capital has been ranked in the top 10 infrastructure managers globally, based on total capital raised ². AMP Capital is owned by AMP Limited, which was established in 1849, and is one of Australia’s largest retail and corporate pension providers.

¹As at 31 December 2020. Figure consists of the Net Asset Value of certain funds and clients managed by AMP Capital taking into account all of the assets less any liabilities. This includes cash and liquidity of such funds in addition to any committed but undrawn capital.

² Derived from the 2020 Infrastructure Investor 50. Ranking based on the amount of infrastructure direct investment capital raised by firms between 1 Jan 2015 and 31 Aug 2020

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Phoenix Tower International Signs Agreement with Monaco Telecom to Own and Operate Tower Sites Across Malta and Cyprus

March 8, 2021 by Juan Pineda

Phoenix Tower International Signs Agreement with Monaco Telecom to Own and Operate Tower Sites Across Malta and Cyprus

March 8, 2021

Phoenix Tower International (“Phoenix”) and Monaco Telecom today announced the signing of a definitive agreement to purchase over 815 wireless towers and acquire newly constructed wireless towers over 6 years across Malta and Cyprus through a build-to-suit program. This transaction positions Phoenix as the largest tower infrastructure provider in both markets, materially expands its growing footprint in Europe, and further solidifies the company’s leadership position. Closing is subject to customary conditions precedents for this type of transaction. Phoenix and Monaco Telecom have established a long-term partnership whereby Monaco Telecom will occupy the sites for at least twenty years.

“With this latest transaction, PTI continues to expand its presence across Europe and will demonstrate the neutral host independent tower model in two new markets to facilitate increased coverage expansion for all of the wireless operators and ultimately increased connectivity for the population of Malta and Cyprus. As the economies of the world continue to recover from the impacts of COVID-19, Phoenix is proud to be working with the mobile network operators across the world to deploy more coverage solutions and is pleased to partner with Monaco Telecom on this transaction” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.

Martin Péronnet, CEO of Monaco Telecom said, “This transaction allows us to create a strategic partnership in Cyprus and Malta with a leading international firm, which allows us to accelerate our investment plans on 5G and fiber where we are present.”

About Phoenix Tower International

Phoenix Tower International (“Phoenix”) owns, operates over 10,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites throughout Europe, the United States, Latin America and the Caribbean.

Freshfield Bruckhaus Deringer, Georgiades & Pelides LLC and Ganado Advocates acted as legal advisors to PTI.

About Monaco Telecom

Monaco Telecom is the incumbent operator of the Principality of Monaco, delivering fixed, internet, TV, mobile services, as well as international data connectivity, housing and cloud services. In July 2019, Monaco Telecom was the first operator to launch 5G with a nationwide coverage; and in fixed broadband, it provides 1Gbs access to all households. Monaco Telecom owns Epic, leading alternative operator in Cyprus and the leading mobile operator in Malta. Monaco Telecom is owned by the Government of Monaco and by NJJ Holding, a European family of telecoms companies made up of leading operators in the markets of Monaco, Switzerland, Ireland, Cyprus and Malta. NJJ Holding is owned by French Entrepreneur Xavier Niel, who also controls Iliad/Free, a leading telecommunication player in France, Italy and Poland.

Paul Hastings acted as legal advisor and Bank of America served as financial advisor to Monaco Telecom.

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EWIA Welcomes Phoenix Tower International as a New Member

February 9, 2021 by Juan Pineda

February 2, 2021

via EWIA.org

BRUSSELS — The European Wireless Infrastructure Association (EWIA) welcomed its newest member, Phoenix Tower International, a global tower company with EU presence in France, Spain, and Ireland, which joined the trade association after EWIA’s last Annual General Meeting.

“In the context of Next Generation EU, independent wireless infrastructure operators have a positive role to play as the Commission and the legislators are addressing important questions on 5G and the connectivity agenda in Europe.” says Tobías Martínez Gimeno, Chairman of EWIA. “In this context we welcome Phoenix Tower International as a new member so that our sector can speak with a stronger and even more representative voice in our ongoing engagement in Brussels.”.

“We are honoured and delighted to be part of EWIA and look forward to working with all members to promote increased connectivity and wireless infrastructure across Europe” declared Dagan Kasavana, CEO of Phoenix Tower International.

While EWIA is extending its membership, its footprint across European countries is also increasing with 10 towerco members operating across 14 European countries: Austria, Denmark, Finland, France, Germany, Ireland, Italy, The Netherlands, Poland, Portugal, Spain, the United Kingdom, Switzerland and Sweden.

About EWIA

The European Wireless Infrastructure Association is the European trade association of wholesale wireless infrastructure providers. Our members invest in and operate wireless infrastructure essential to the delivery of mobile voice, wireless broadband and other wireless networks.

EWIA advocates policies that encourage the network infrastructure investment and deployment necessary to make advanced wireless broadband available everywhere for consumers, businesses, health care, public safety and the countless other sectors that rely on always-on wireless connections.

For more about EWIA and their activities, please contact secretariat@ewia.eu or visit them at ewia.org, on Twitter, and on LinkedIn.

About Phoenix Tower International

PTI owns and operates over 12,500 towers, 986 kilometers of fibre, and other wireless infrastructure and related sites across 16 countries in the United States, Europe and Latin America. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across high-growth international markets. PTI’s investors include funds managed by Blackstone, John Hancock, and various members of the management team and is headquartered in Boca Raton, Florida.

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PTI to partner with F2i to acquire TowerTel, providing ownership or leasing rights to over 2,400 wireless telecommunications sites across Italy, with potential leasing rights for over 4,000 sites.

December 29, 2020 by Juan Pineda

December 24, 2020

For Immediate Release

Phoenix Tower International (“PTI”) today announced that it has entered into a definitive agreement with EI Towers S.p.A (“EIT”) to acquire TowerTel S.p.A. (“TowerTel”), an EIT subsidiary, which owns or leases, operates and manages approximately 2,400 telecommunications towers, distributed antenna systems and telecommunications sites across Italy. In addition, TowerTel has exclusive telecommunications marketing and leasing rights to more than 1,600 broadcast sites owned by EI Towers S.p.A, bringing the total potential portfolio to more than 4,000 sites in the country.

As part of the agreement F2i SGR (“F2i”), one of EIT’s shareholders, has elected to retain a minority ownership stake in TowerTel. Financial terms of the transaction were not disclosed.

Completion is subject to customary regulatory approval.

“PTI is excited to enter into Italy’s vibrant wireless market and serve its premier wireless operators. We look forward to expanding the revenue on this portfolio, developing new towers and investing in next generation solutions on behalf of our customers,” stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International. He continued, “With small cell deployments, continued 4G and 5G buildouts, significant fixed wireless access and fiber roll-out across the country, we believe that Italy is a fantastic market for PTI. This exciting transaction further expands our growing global footprint and allows us to continue to serve the wireless infrastructure needs of our clients.”

Commenting on the transaction, Renato Ravanelli, Chief Executive Officer of F2i, said; “This investment by PTI testifies to the growing interest by global players in high-quality Italian infrastructure. We are delighted to partner with a leading wireless infrastructure operator with the support of Blackstone, in a sector so important for the overall telecommunication market development.”

PTI’s financial advisor was Natixis and its legal advisor was Freshfields Bruckhaus Deringer LLP. EIT’s financial advisor was Nomura and its legal advisor was Chiomenti Studio Legale.

About Phoenix Tower International
PTI owns and operates over 12,500 towers, 986 kilometers of fibre, and other wireless infrastructure and related sites across 16 countries in the United States, Europe and Latin America. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across high-growth international markets. PTI’s investors include funds managed by Blackstone, John Hancock, and various members of the management team and is headquartered in Boca Raton, Florida.

F2i SGR is Italy’s largest independent infrastructure fund manager, with assets under management of approximately € 5 billion. The companies in F2i’s network make up Italy’s main infrastructure platform, spanning key sectors of the national economy such as transport and logistics, energy for transition, distribution networks, telecommunications networks and services, and infrastructure. Led by its CEO Renato Ravanelli, F2i, through its subsidiaries, has 19,000 employees in Italy, whose work allows millions of people to use services and infrastructure that are essential for daily life. F2i SGR’s key shareholders include financial institutions, including banking foundations, domestic and foreign social security and pension funds, domestic and international asset managers and sovereign wealth funds. The funds managed by F2i SGR are subscribed by leading Italian and foreign institutions.

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EY Announces Dagan T. Kasavana of Phoenix Tower International as an Entrepreneur Of The Year 2020 Florida Award Winner

October 9, 2020 by Juan Pineda

October 8, 2020

via EY.com

Ernst & Young LLP (EY US) today announced that Dagan T. Kasavana, Chief Executive Officer and Founder of Phoenix Tower International was named an Entrepreneur Of The Year^® 2020 Florida Award winner. The Entrepreneur Of The Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies. The award recognizes those entrepreneurial leaders who are excelling in overcoming adversity; financial performance; societal impact and commitment to building a values-based company; innovation; and talent management. Dagan T. Kasavana was selected by an independent judging panel. The award was announced through the program’s first-ever virtual awards gala, hosted by Deborah Norville, anchor of Inside Edition, on October 8, 2020.

Founded in 2013, Phoenix Tower International (“PTI”) is the fastest growing global wireless communications infrastructure provider in the world. PTI owns and operates in excess of 9,000 towers, 986 km of fiber, and over 80,000 other wireless infrastructure and related sites throughout the United States, Latin America, the Caribbean and Europe. PTI’s investors include funds managed by Blackstone and John Hancock.

PTI’s teams in more than 15 countries are devoted to helping their wireless infrastructure partners — customers, sellers, landlords, and communities — achieve their goals. Focused on the principles of unwavering hard work and integrity, team PTI demonstrates this mission every day through the fair and collaborative manner in which they deal with our business partners and the dedicated operation of the wireless infrastructure sites they own and operate.

“I am honored to be recognized by EY with this incredible distinction, which truly belongs to each one of our team members who work tirelessly to drive PTI to new levels of success! Thanks to them, PTI is unstoppable!”

Since 1986, EY US has honored entrepreneurs whose ingenuity, spirit of innovation and tenacity have driven their companies’ success, transformed their industries and made a positive impact on their communities. Dagan T. Kasavana will go on to become a lifetime member of the esteemed multi-industry community of award winners, with exclusive, ongoing access to the experience, insight and wisdom of fellow alumni and other ecosystem members in over 60 countries — all supported by vast EY resources.

The Entrepreneur Of The Year program has honored the inspirational leadership of entrepreneurs such as:

Joe DeSimone of Carbon, Inc.
Hamdi Ulukaya of Chobani
Chris and Robin Sorensen of Firehouse Subs Restaurant Group Inc.
James Park of Fitbit
Mindy Grossman of HSN, Inc.
Wayne Huizenga of Huizenga Holdings Incorporated
Kendra Scott of Kendra Scott LLC
Reid Hoffman and Jeff Weiner of LinkedIn
Ellen Latham of Orangetheory Fitness
Howard Schultz of Starbucks Corporation
Justin Wetherill of uBreakiFix
Jodi Berg of Vitamix

As a Florida award winner, Dagan T. Kasavana, is now eligible for consideration for the Entrepreneur Of The Year 2020 National Awards. Award winners, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced Thursday, November 19, during a virtual awards gala. The awards are the culminating event of this year’s virtual Strategic Growth Forum^®, the nation’s most prestigious gathering of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2021.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation.

In Florida, sponsors also include Platinum sponsor, PNC and Silver sponsor, the Orlando Business Journal.

About Entrepreneur Of The Year^®

Entrepreneur Of The Year^® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy

About EY Private

As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/private

About EY

EY is a global leader in assurance, tax, strategy, transaction and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com.

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