On June 15, Phoenix Tower International (PTI) announced the acquisition of T4U Holding Brasil, an independent towerco with a portfolio of 529 sites and a pipeline of 250 BTS projects in Brazil. As a result of the deal, the two companies will merge into a new entity, Phoenix Tower do Brasil, and serve the local market with its combined expertise.
PTI was created in 2013 and is owned by funds managed by Blackstone’s Tactical Opportunities business. In a press release following the deal, Jasvinder Khaira, Managing Director at Blackstone was quoted saying that “we are thrilled to announce this investment in Brazil, a market where we see considerable growth in the wireless space and where we hope to explore further investment activity more broadly.
