Wireless infrastructure provider Phoenix Tower International (PTI) has entered into a Build-to-Suit (BTS) agreement with Iliad, one of the mobile network operators (MNOs) in Italy. The deal involves the construction of up to 1,900 new telecommunications sites in densely and moderately populated areas across Italy, aimed at enhancing Iliad's 4G and 5G mobile networks and expanding Phoenix's European presence.
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PTI and Iliad Forge a Strategic Partnership
Under this agreement, PTI will provide Iliad with long-term access to these sites under preferred conditions, supporting Iliad's efforts to expand its mobile services to a rapidly growing customer base, PTI said.
"We are thrilled to enter into this strategic partnership with Iliad in Italy," said Phoenix Tower International. "This transaction is perfectly aligned with our European growth strategy and enables us to strengthen our footprint in Italy. We look forward to supporting Iliad Group's continued success and growth in this market and others."
Completion of the deal is subject to customary regulatory conditions.
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Phoenix Tower International and Iliad Italia
Founded in 2013, PTI, through its subsidiaries, owns and operates over 25,000 telecom towers throughout Europe, North America, Latin America, and the Caribbean. In Europe, PTI is present in several countries, including France, Italy, Ireland, Germany, Malta, and Cyprus.
PTI's investors include funds managed by Blackstone, Grain Management, BlackRock, WrenHouse, and USS, and it is headquartered in Boca Raton, Florida. Founded in 2016 as an Italian subsidiary of the French telco Iliad Group, Iliad Italia has grown its subscriber base to over 10 million.
