Phoenix Tower Completes Acquisition of Cellnex's Irish Operations
Deal News | Mar 14, 2025 | PR Newswire Cision Phoenix Tower International
Phoenix Tower International (PTI) has finalized its acquisition of Cellnex Telecom's entire Irish operations for approximately €971 million. Announced on March 5, 2024, the deal positions PTI as the predominant tower owner in Ireland, contributing significantly to the country's telecommunications infrastructure. PTI's CEO, Dagan Kasavana, emphasized the strategic nature of this transaction, indicating the company's commitment to Ireland and its ambition to bolster connectivity across Europe. The transaction was facilitated with advisement from Nomura and Arthur Cox. Founded in 2013 and headquartered in Boca Raton, Florida, PTI operates over 29,000 telecommunications towers worldwide, backed by notable investors including Blackstone and Blackrock.
Sectors
- Telecommunications
- Mergers and Acquisitions
Geography
- Ireland – The acquisition makes PTI the largest tower owner in Ireland, directly impacting the telecommunications infrastructure there.
- United States – Phoenix Tower International is headquartered in Boca Raton, Florida, and operates globally, including this expansion in Ireland.
Industry
- Telecommunications – The article discusses the acquisition of a telecommunications infrastructure company, involving ownership and operation of telecom towers.
- Mergers and Acquisitions – The article centers around a significant M&A transaction where Phoenix Tower International acquired Cellnex Telecom's business in Ireland.
Financials
- €971 million – The acquisition price paid by Phoenix Tower International to acquire Cellnex Telecom's Irish operations.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Phoenix Tower International | Acquirer | Company | Phoenix Tower International is a telecommunications infrastructure company focused on owning and operating towers worldwide. |
| Cellnex Telecom | Target | Company | Cellnex Telecom was the seller of the Irish business acquired by Phoenix Tower International. |
| Nomura | Advisor to Acquirer | Company | Nomura acted as one of the advisors to Phoenix Tower International in the acquisition process. |
| Arthur Cox | Legal Advisor | Company | Arthur Cox provided legal advisory services to Phoenix Tower International for the acquisition deal. |
| Blackstone | Investor | Company | Blackstone is one of the investment firms backing Phoenix Tower International. |
| Blackrock | Investor | Company | Blackrock is an investment management firm investing in Phoenix Tower International. |