The Caribbean adventure continues for Phoenix Tower International
PTI’s CEO on the company’s deals and future plans in the Caribbean and beyond
Earlier this summer, Phoenix Tower International (PTI) announced its agreement with Altice Dominicana (Euronext ATC, ATCB) to purchase 100% of its towerco Teletorres del Caribe, including a portfolio of 1,049 tower sites for US$170mn.
The transaction has expanded Phoenix Tower International’s footprint in the country, where the company operates around 1,700 sites, and will reinforce PTI’s position as the leading towerco across the Caribbean. TowerXchange sit down with PTI’s CEO Dagan Kasavana to discuss the acquisition and explore the company’s strategy in the Caribbean as well as future expansion plans across CALA.
TowerXchange: Congratulations on the latest deal in the Dominican Republic! Can you share some details about your total tower count in the country and across the other CALA markets where you are active?
Dagan Kasavana, CEO, Phoenix Tower International:
Right now and pro forma for the pending closing with Altice, we will have around 1,700 sites owned or managed in the Dominican Republic.