M&A Deal Summary

Phoenix Tower International Acquires Teletorres del Caribe

On July 30, 2018, Phoenix Tower International acquired communications company Teletorres del Caribe from Altice Europe for 170M USD

Acquisition Highlights
  • This is Phoenix Tower International’s 2nd transaction in the Communications sector.
  • This is Phoenix Tower International’s largest (disclosed) transaction.
  • This is Phoenix Tower International’s 1st transaction in Dominican Republic.

M&A Deal Summary

Date 2018-07-30
Target Teletorres del Caribe
Sector Communications
Buyer(s) Phoenix Tower International
Sellers(s) Altice Europe
Deal Type Divestiture
Deal Value 170M USD

Target

Teletorres del Caribe

Dominican Republic
Teletorres del Caribe which comprises 1,039 sites. Teletorres del Caribe, setting a clear partnership framework between the two companies. Teletorres del Caribe has committed to support Altice Dominicana in the continued deployment of its network.

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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 2 of 7
Sector (Communications) 2 of 6
Type (Divestiture) 1 of 3
Country (Dominican Republic) 1 of 1
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 T4U Holding Brasil S.A.

São Paulo, Brazil

T4U Holding Brasil S.A. develops mobile telecommunications sites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-28 Syscom Telecom

Hallandale Beach, Florida, United States

Syscom Telecom LLC is a small cell deployment business in the United States, manages and markets over 80,000 sites for small cell and macro cell deployments with various small cell master agreements in place with wireless operators. Syscom Telecom was founded in 2007 and is based in Hallandale Beach, Florida.

Buy -

Seller(S) 1

SELLER

Altice Europe

Woerden, Netherlands

website


Category Company
Founded 2001
Sector Communications
Revenue 14.8B EUR (2019)
DESCRIPTION

Altice Europe is a multinational cable and telecommunications company with a presence in France, Israel, Belgium & Luxembourg, Portugal, French West Indies/ Indian Ocean Area, and the Dominican Republic and Switzerland. Altice provides cable-based services (high-quality pay television, fast broadband Internet, and fixed line telephony) and, in certain countries, mobile telephony services to residential customers and corporate customers. Altice Europe was founded in 2001 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 7 of 9
Sector (Communications) 6 of 8
Type (Divestiture) 6 of 7
Country (Dominican Republic) 1 of 1
Year (2018) 3 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 Hivory

Courbevoie, France

Hivory is a high-quality telecoms infrastructure provider with a nationwide presence, benefiting from more than 10,000 strategically located sites with a diversified portfolio of ground-based towers and rooftops. The company is focused on serving the growing infrastructure needs for mobile operators to provide connectivity to all parts of the French population, meeting continued strong demand for data consumption and increased coverage. Hivory was founded in 2018 and is based in Courbevoie, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 Xp Fibre

Courbevoie, France

Xp Fibreis an infrastructure operator specializing in the design, construction and operation of fiber optic networks. XpFibre deploys, markets and maintains more than 7 million FTTH sockets throughout France. Xp Fibre is based in Courbevoie, France.

Sell €1.8B