Telecom Tower Industry | TowerXchange’s European guide
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Telecom Tower Industry | TowerXchange’s European guide

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A country-by-country guide to the European tower industry: Q4 23 update

The biggest news for Q4 2023 is Phoenix Tower

International’s entry into Germany after signing a deal to acquire Novec BV’s German subsidiary, Novec GmbH for an undisclosed amount. The German towerco operates 220

sites and gives PTI a foothold in the German market. A third of PTI’s German portfolio is high voltage pylons and the rest are a mix of macro towers (towers, silos, chimneys and

roof tops) in different locations and in areas with different population density. The deal marks Phoenix Tower’s entrance into its sixth European market and its 21st globally.

While many towercos focus on large sale and leasebacks, PTI has proven comfortable taking on small portfolios and growing them to something more substantial.


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