Sept, 18, 2018
Boca Raton, FL, – International wireless infrastructure provider, Phoenix Tower International (“PTI”) announced it acquired majority shares of Costa Rican based FastSite.FastSite specializes in the installation and leasing of cellular amplification systems in structures and spaces where installation of cellular towers is unfeasible or inefficient. These systems include indoor and outdoor DAS Networks – fiber-fed distributed antenna networks designed to facilitate wireless communications services for multiple operators for improved connectivity.
The acquisition will expand Phoenix Tower International’s portfolio of DAS, providing additional wireless coverage and capacity solutions to customers beyond those areas traditionally served by towers and provide FastSite the means to grow their footprint and service offerings. So far, FastSite has invested more than US $2 million with plans to expand outside of Costa Rica into countries such as Panama, Dominican Republic and Colombia.
Established in 2017, FastSite has implemented a series of DAS Networks in highly concentrated venues in Costa Rica such as the Eladio Rosabal Cordero Stadium, and various commercial and residential developments such as Santa Verde, and the Oxygen in the province of Heredia.
“The technological solutions FastSite has introduced bridge gaps in wireless connectivity and capacity greatly enhancing the end user experience at these locations, increasing productivity and public safety”, stated Juan Fernando Acuña, CEO of FastSite.
Regarding the agreement with Phoenix Tower International, Mr. Acuña stated, “The integration of FastSite operations to Phoenix Tower International is testament to the expertise and leadership FastSite has achieved in the small-cell and DAS sector. This acquisition is an exciting opportunity to combine our service offerings for robust end-to-end solutions”.
Commenting on the agreement, Phoenix Tower International CEO, Dagan Kasavana, said; “We are very pleased with our acquisition of FastSite. Small cell architecture, such as DAS, is an integral component to wireless networks of the future. This acquisition provides PTI the ability to better serve customers and communities we serve with a complete set of solutions to meet their growing demands.”
Phoenix Tower International and FastSite future endeavors are supported by the company’s strong financial backing for next-generation wireless infrastructure projects. Phoenix Tower International’s Investors include funds managed by Blackstone Tactical Opportunities and John Hancock.
About FastSite:
FastSite is a Costa Rican company founded in 2017, dedicated to the design, installation and leasing of distributed antenna Solutions (DAS) with the aim of amplifying the cellular signal in real estate or public spaces, where the installation of towers is unviable or little Effective. He has developed projects in high concentration sites such as the Cima San José Hospital, the Eladio Rosabal Cordero Stadium, the city of East shopping center and oxygen, mixed development in San Francisco de Heredia. From July 2018 is part of Phoenix Tower International (PTI).
About Phoenix Tower International:
Phoenix Tower International (“PTI”) owns and manages over 6,000 towers, 974 km of fiber and other wireless infrastructure and related sites throughout Costa Rica, Panama, El Salvador, Colombia, Peru, Mexico, the Dominican Republic, French West Indies, Jamaica, and the United States, including Puerto Rico and the US Virgin Islands. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets.
Contact Information
Phoenix Tower International:
Cat Drettmann
+1-561-227-9649
cdrettmann@phoenixintnl.com
