M&A Deal Summary

Phoenix Tower International Acquires Cellnex Ireland

On March 5, 2024, Phoenix Tower International acquired communications company Cellnex Ireland from Cellnex Telecom

Acquisition Highlights
  • This is Phoenix Tower International’s 6th transaction in the Communications sector.
  • This is Phoenix Tower International’s 1st transaction in Ireland.

M&A Deal Summary
Date 2024-03-05
Target Cellnex Ireland
Sector Communications
Buyer(s) Phoenix Tower International
Sellers(s) Cellnex Telecom
Deal Type Divestiture

Target

Cellnex Ireland

Dublin, Ireland
Cellnex Ireland’s telecom sites are being used in the implementation of the National Broadband Plan and supporting the roll out of Business Connection Points (BCPs) to deliver free high-speed internet access in some of the most isolated and rural communities in the country. Cellnex Ireland was founded in 2019 and is based in Dublin, Ireland.

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Buyer(S) 1

Buyer

Phoenix Tower International

Boca Raton, Florida, United States

website

Category Company
Founded 2013
Sector Communications
DESCRIPTION

Phoenix Tower International owns and operates towers and other wireless infrastructure and related sites throughout Latin America and the United States. Phoenix Tower International was founded in 2013 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 7 of 7
Sector (Communications) 6 of 6
Type (Divestiture) 3 of 3
Country (Ireland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 NOVEC

Germany

NOVEC operates 220 telecommunications sites and has developed a significant pipeline of new sites in order to play a key role in deploying important infrastructure.

Buy -

Seller(S) 1

SELLER

Cellnex Telecom

Madrid, Spain

website

Category Company
Founded 2008
Sector Communications
Employees2,008
Revenue 2.4B EUR (2021)
DESCRIPTION

Cellnex Telecom, is an operator of wireless telecommunications infrastructures with a portfolio of 45,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Nether-lands, France, Switzerland, and the United Kingdom. Cellnex Telecom was founded in 2008 and is based in Madrid, Spain.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 2 of 2
Type (Divestiture) 2 of 2
Country (Ireland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-10 Edzcom

Espoo, Finland

Edzcom designs builds, and operates private wireless networks for industrial clients, mainly in manufacturing, ports, oil and gas, energy generation and mining. Edzcom was founded in 2014 and is based in Espoo, Finland.

Sell -
Mergr

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