Inside Towers TowerXchange Exclusive Coverage
Phoenix Tower International has come out of the COVID-19 pandemic with a lot more towers and more capital. That was the upbeat assessment Dagan Kasavana gave of PTI over the last two years in a fireside chat with Natalia Gorohova, TowerXchange Head of Research – Americas, during last week’s TowerXchange Meetup Americas 2022 in West Palm Beach, FL. The CEO discussed PTI’s journey as it transformed itself through a global tower buying spree.
Earlier this month, PTI acquired up to 3,800 towers from WOM, an MNO in Chile. Before that, it acquired 202 towers in the U.S. from Tower Ventures Holdings III, LLC and over 3,200 towers from Cellnex Telecom in France. Last year, it acquired 830 towers from Monaco Telecom across Malta and Cyprus (plus newly constructed towers for six years in a build-to-suit program) and 203 towers in the French West Indies from Outremer Telecom. In 2020, PTI picked up leasing rights to 2,400 towers in Italy, 600 towers in Ireland, and 4,000 towers in France, as well as nearly 200 more towers in the U.S.
Today, PTI’s portfolio numbers more than 5,000 towers across Europe, which makes it one the largest independent private tower owners in Europe, according to Kasavana.
“We think it’s really important as you drive organic growth across your portfolio, to be independent, to be able to have great conversations with all of the carriers in all of the markets that you’re in and really talk to them about their growth plans, their business plans and how we can provide for them,” he said. “We think that leads to more organic growth in our towers. It’s more of a partnership approach with our customers.”
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