On 25 May, Phoenix Tower International (PTI) reached a deal with Irish MNO, eir to acquire their portfolio of 650 sites for €300mn. The deal, which also includes a significant build-to-suit commitment. The trnsaction adds a second European country to PTI’s portfolio as the towerco continues to expand its presence beyond the Americas. TowerXchange examines the deal and the implications for the Irish and broader European market.
A closer look at the deal
In late May, Phoenix Tower International announced that it had reached €300mn deal with Irish MNO, eir, to acquire 100% of Emerald Tower Limited, the entity into which the MNO had transferred its 650 sites.