Phoenix Tower International closes on 145 wireless communication tower sites and marketing rights to over 400 wireless communication tower sites from Viva in the Dominican Republic

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Mar 30, 2016, 08:36 ET

BOCA RATON, Fla., March 30, 2016 /PRNewswire/ -- Phoenix Tower International ("PTI") via its subsidiary Phoenix Tower Dominicana S.A.S. announces that it has closed its transaction with Trilogy Dominicana, S.A. ("Viva") to acquire the ownership or management and marketing rights relating to over 400 wireless communication tower sites from Viva. Terms of the transaction remain confidential between the parties.

"PTI is thrilled to announce our latest acquisition of towers from Viva in the Dominican Republic. We are excited to grow our investment in Dominican Republic wireless infrastructure and look forward to working with Viva to enhance their network in the Dominican Republic as well as the other operators as they further their network build-outs," stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International. "Furthermore, this latest acquisition brings PTI and Phoenix Tower do Brasil's ("PTB")'s combined tower count to over 2,000 sites across the Americas – truly a major accomplishment."

About Phoenix Tower International:

Phoenix Tower International ("PTI") owns and operates towers and other wireless infrastructure and related sites throughout Latin America, the Caribbean and the United States. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across various high-growth markets internationally. Phoenix Tower International and Phoenix Tower do Brasil currently own and operate wireless infrastructure in Costa Rica, Panama, the Dominican Republic, Colombia, Peru, United States and Brazil. PTI's investors include funds managed by Blackstone Tactical Opportunities, as well as various members of the management team. PTI is based in Boca Raton, Florida. For more information about Phoenix Tower International, please visit www.phoenixintnl.com.

SOURCE Phoenix Tower International