Phoenix Tower, Bouygues Telecom create JV to deploy 4,000 new mobile towers in France

News Wireless France 24 MRT 2020
Phoenix Tower, Bouygues Telecom create JV to deploy 4,000 new mobile towers in France

Phoenix Tower International, a mobile infrastructure company backed by Blackstone, has signed a deal with French operator Bouygues Telecom to form a joint venture that will invest in around 4,000 new mobile towers over a 12-year period. The sites will be located outside very densely populated areas of France and will help Bouygues meet its mobile coverage objectives linked to the 'New Deal' programme, agreed between French operators and the government  in early 2018.

The JV will own and operate the new mobile towers, enabling Bouygues to strengthen its network in rural communities and alongside transport routes. Phoenix Tower has not disclosed its stake in the venture, but said that it would be the majority shareholder. 

In February, Blackstone recapitalised Phoenix Tower raising USD 1.4 billion to support the company’s growth plans. The business owns over 8,000 towers and has a presence in the United States, the US Virgin Islands, Costa Rica, Panama, El Salvador, Guatemala, Colombia, Peru, Mexico, the Dominican Republic, France, Jamaica, Argentina, Ecuador, and Bolivia.



Categories:

Wireless

Companies:

Bouygues Telecom,  Phoenix Tower International

Countries:

France

Tags:

Network equipment, Wireless, Financial funding, M&A buyouts & divestments

Related Articles

CARIBBEAN 10 NOV 2023

LLA sells 1,300 Caribbean and Panama towers to PTI, to build 500 more

Liberty Latin America (LLA) has followed the publication of its third-quarter results by announcing a deal with Phoenix Tower International (PTI) to monetise around 1,300 mobile tower sites across Panama, Jamaica, The Bahamas, Puerto Rico, Barbados and the British Virgin Islands. The transaction also provides for extended coverage via a further 500 sites to be built by the two companies over the next five years. 

FRANCE 4 SEP 2023

Cellnex receives EUR 631 mln for 2,353 French cell sites sold to Phoenix Tower

Cellnex disclosed that the sale of 2,353 cell sites in France netted EUR 631 million. The disposal is part of the earlier deal signed with Phoenix Tower International (PTI) and a JV created by PTI and Bouygues Telecom, announced in March 2022. Cellnex had sold the assets to be granted approval for its acquisition of tower venture Hivory from the French competition authority.

CARIBBEAN 4 OKT 2022

Wren House acquires stake in Phoenix Tower International

London-based global infrastructure investment manager Wren House said it has become a minority shareholder in Phoenix Tower International (PTI) after acquiring a stake from funds managed by Blackstone. Florida-headquartered PTI is one of the largest and fastest growing independent tower platforms in the world, currently operating over 19,000 towers across 20 countries in North America, South America, the Caribbean and Europe.

CHILE 5 JUL 2022

Phoenix Tower acquires up to 3,800 towers from Wom for USD 930 mln

Phoenix Tower International (PTI) said it has agreed to acquire up to 3,800 tower sites in Chile from mobile operator Wom for a total of USD 930 million. As part of the deal, PTI will acquire around 2,334 towers at the initial closing and 1,466 additional sites by 2024, converting the company into the largest communications tower owner in Chile and growing its global presence to over 22,000 sites in 19 countries.

FRANCE 21 MRT 2022

Phoenix Tower to acquire over 3,000 rooftop sites in France from Cellnex

Cellnex said that it has agreed the disposal of around 3,200 mobile towers in France, saying that the move will fulfil the conditional approval for its acquisition of tower venture Hivory, granted in October 2021 by the country's competition authority. As a result, the Spanish infrastructure group will sell 1,226 sites to Phoenix Tower International (PTI) and a further 2,000 to the joint venture created in 2020 by Bouygues Telecom and PTI (the latter being the majority shareholder). This infrastructure main

MONACO 15 JUL 2021

Phoenix Tower closes acquisition of towers from Monaco Telecom

Phoenix Tower International has closed its acquisition of over 830 wireless towers from Monaco Telecom. The deal also covers newly constructed wireless towers over six years across Malta and Cyprus through a build-to-suit (BTS) programme. Phoenix said it is now the largest tower infrastructure provider in both countries and that a long-term partnership established with Monaco Telecom will see the operator occupy the sites for at least twenty years. 

ITALY 5 MEI 2021

Phoenix Towers closes acquisition of El Towers portfolio

Phoenix Tower International has closed its acquisition of TowerTel, the mobile towers unit of Italy's El Towers, for around EUR 535 million. TowerTel owns or operates around 2,400 towers throughout Italy and also has exclusive marketing and leasing rights covering more than 1,600 sites owned by EI Towers, resulting in a total potential portfolio of more than 4,000 sites.

MALTA 9 MRT 2021

Monaco Telecom sells towers in Malta, Cyprus to Phoenix Tower

Phoenix Tower International announced a definitive agreement to purchase over 815 wireless towers from Monaco Telecom at its operations in Cyprus and Malta. The deal also covers newly constructed wireless towers over six years across Malta and Cyprus through a build-to-suit programme for the local operators operating under the name Epic. 

IRELAND 27 JUL 2020

Eir completes sale of mobile infrastructure unit to Phoenix Tower

Eir has completed the sale of its Irish mobile network infrastructure management company, Emerald Tower, to Phoenix Tower Ireland. The EUR 300 million deal was announced in May. 

FRANCE 30 JUN 2020

French operators announce full LTE coverage across Paris metro

LTE connectivity is now available on the entire metro system of the French capital, providing coverage on board trains across all underground tunnels linking 304 metro stations. The country's four network operators have installed 321 cell sites to complete the roll-out, which was delayed by several years due to the technical complexity of the project. Paris transport authority RATP said that Bouygues Telecom, Free Mobile, SFR and Orange have agreed partnerships to coordinate the deployment, in particular de

ITALY 22 JUN 2020

Phoenix Tower offers EUR 550 mln for EI Towers mobile unit - report

Phoenix Tower International has lodged a EUR 550 million bid to acquire the mobile towers unit of Italy's EI Towers, according to an unnamed source cited by Reuters. The Blackstone-backed infrastructure group, has now entered into exclusive talks for the unit, said the source, adding that Phoenix Tower has been given access to the books of the business.

FRANCE 9 JUN 2020

French govt adds 484 underserved locations to New Deal mobile coverage programme

French mobile network operators have received a new list of 484 underserved locations, where they will need to provide LTE connectivity under the New Deal mobile coverage strategy agreed with the government. This brings to 1,846 the number of cell sites requested by local authorities since July 2018, when the New Deal programme started.

FRANCE 24 APR 2020

Bouygues Telecom creates JV to extend FTTH marketable footprint

French operator Bouygues Telecom has announced a strategic partnership with Vauban Infrastructure Partners, a spin-off from infrastructure asset manager Mirova, part of Natixis Investment Managers. Following a call for tenders, Vauban has been selected as the majority shareholder in a new joint venture that will manage existing and future fibre co-investment contracts with Orange in medium density population areas of France.

FRANCE 3 APR 2020

Bouygues Telecom suspends guidance for 2020 due to Covid-19 uncertainty

French operator Bouygues Telecom is suspending the 2020 financial guidance published in February due to ongoing uncertainty caused by the Covid-19 pandemic. It had previously said that it was targeting a 5 percent growth in service revenues and a free cash flow of over EUR 300 million. The impact of the pandemic on telecom activities has been limited to date, said the company, adding that the market was experiencing a significant reduction in churn, as well as in gross additions. Guidance will remain suspen

FRANCE 2 MRT 2020

Iliad closes fibre infrastructure deal with Infravia

Iliad and infrastructure investor Infravia have completed the creation of the joint venture announced in September 2019. As part of the deal, Iliad's subsidiary Free has transferred ownership of a FTTH network covering 1 million premises to the new company, which has been created to bring fibre connectivity outside very densely populated areas of France. Iliad has sold 51 percent of the new entity to InfraVia, based on an enterprise value of EUR 600 million.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.