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Phoenix Tower International To Acquire Up To 3,800 Towers From Wom In Chile

Jul 05, 2022•over 3 years ago

Acquiring Company

Phoenix Tower International

Acquired Company

3 800

Boca RatonTelecommunications

Description

Phoenix Tower International (“PTI”), through its local Chilean subsidiary, Phoenix Tower International Chile SpA, today announced it has executed a definitive agreement with WOM S.A. (“WOM”) to acquire up to 3,800 telecommunications sites in Chile. As part of the transaction, PTI will acquire approximately 2,334 tower sites at the initial closing and 1,466 additional sites by 2024 for a total consideration of approximately $930M, a portion of which will be paid upon transfer of the additional sites.

Company Information

Company

Phoenix Tower International

Location

999 Yamato Rd

Boca Raton, Florida, United States

About

Pro forma for pending transactions, PTI, through its affiliates and subsidiaries, owns and operates over 22,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’s investors include funds managed by Blackstone and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed