Wireless communications infrastructure provider Phoenix Tower International (PTI) announced that Grain Management (Grain) and BlackRock have made an investment in the company, joining Blackstone as investors behind PTI as they seek to further grow and expand the business. The investment will support PTI's future growth in providing critical tower infrastructure to new and existing markets around the world, PTI said on Wednesday.
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Phoenix Tower International
Founded in 2013 and headquartered in Florida, PTI claims to be the largest global private tower platform, operating over 24,000 telecom towers across 23 countries in North America, Europe, Latin America, and the Caribbean.
Commenting on the investment, Phoenix Tower International said, "Over the last decade, we've grown exponentially to provide wireless tower infrastructure to communities and countries in need of greater connectivity, and we look forward to growing our impact with the support of our new and existing partners."
Partner Perspectives
"Our partnership with PTI naturally aligns with our investment strategy," said Grain, highlighting the belief in the power of broadband communications to fuel digital transformation and economic growth and to unlock human potential."
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BlackRock echoed similar sentiments, emphasising PTI's role in delivering wireless connectivity to customers globally. With the support of Grain Management, BlackRock, and existing investors like Blackstone, PTI seeks to further grow and expand the business.
