Phoenix Tower overseas “PTI” has reached an agreement with Altice Dominicana, a subsidiary of Altice Europe N.V. Euronext ATC, ATCB “Altice Europe”, to buy one hundred% of the tower enterprise, Teletorres del Caribe, with a portfolio comprising of 1.”049 wireless communication tower websites for USD 170M, the enterprise mentioned.
This latest transaction expands PTI´s footprint, within the country, to over 1.”600 sites and reinforces PTI´s position as the tower enterprise across the Caribbean. phrases of the transaction remained confidential between the parties.
along with the pondered transaction, Altice Dominicana will enter right into a 20-yr master settlement with PTI environment a clear partnership framework between both organizations. PTI has committed to assist Altice Dominicana within the persevered deployment of its community.
The transaction is expected to close throughout Q3 2018 and is area to the positive judi online de-merger and prevalent closing conditions.
BNP Paribas and Goldman Sachs acted as economic advisors to Altice Europe. Franklin and OMG acted as criminal consultant to Altice Europe.
Choate, corridor & Stewart LLP and OGC Abogados acted as felony counsel for Phoenix Tower international. Scotiabank acted as sole economic consultant to Phoenix Tower overseas.
Phoenix Tower foreign owns and manages over 5,000 towers, 974 km of fiber and other wireless infrastructure and connected sites throughout Costa Rica, Panama, El Salvador, the Dominican Republic, French West Indies, Colombia, Peru, Mexico, and the us, including Puerto Rico and the USA Virgin Islands.
Headquartered in Boca Raton, Florida, PTI became centered in 2013 with a mission to be a premier web site provider to instant operators throughout the Americas in high-boom markets. PTI´s buyers consist of cash managed by means of Blackstone Tactical opportunities and John Hancock, as well as numerous participants of the management crew. For more advice, consult with .phoenixintnlm.
along with the pondered transaction, Altice Dominicana will enter right into a 20-yr master settlement with Teletorres del Caribe, environment a transparent partnership framework between both organizations. Teletorres del Caribe has dedicated to support Altice Dominicana in the persevered deployment of its community.
Altice Dominicana will pursue its lengthy-term industrial task and continue offering most useful-in-class telecommunication services to its subscribers, as a part of the Altice group.
The transaction is anticipated to close all over Q3 2018 and is area to the valuable de-merger and typical closing conditions.
BNP Paribas and Goldman Sachs acted as monetary advisors to Altice Europe. Franklin and OMG acted as prison guide to Altice Europe.Choate, hall & Stewart LLP and OGC Abogados acted as prison information for Phoenix Tower overseas. Scotiabank acted as sole fiscal consultant to Phoenix Tower overseas.
This press unencumber includes inner information within the which means of Article 71 of the eu Market Abuse rules
About Altice Europe
Altice Europe ATC & ATCB, listed on Euronext Amsterdam, is a convergent chief in telecoms, content, media, enjoyment and promoting. Altice can provide imaginative, customer-centric products and solutions that join and unencumber the limitless abilities of its over 30 million purchasers over fiber networks and mobile broadband. Altice is additionally a issuer of enterprise digital options to hundreds of thousands of enterprise purchasers. The enterprise innovates with technology, research and building and allows individuals to live out their passions by providing common content, exceptional and compelling tv indicates, and foreign, national and local news channels. Altice provides reside broadcast top rate sports hobbies and enables its clients to enjoy the most ordinary media and enjoyment.
Head of Investor members of the family Altice Europe Coralie Durbec: +forty one seventy nine 913 0429coralie.durbecalticeorHead of Communications Altice Europe Arthur Dreyfuss: +forty one 79 946 4931arthur.dreyfussaltice.internet