Blackstone completed the $1.4bn investment in Phoenix Tower International.

Blackstone completed its $1.4bn investment in Phoenix Tower International, owner and operator of wireless infrastructure sites. “We are excited to continue our fantastic partnership with Tac Opps and the completion of this fundraise represents a further confirmation of our business plan. As our customers shift towards their 5G build-out needs, they require well-capitalized infrastructure providers that they trust with a mandate to work with them globally and across all of their infrastructure needs. PTI has the track record, expertise and balance sheet to be a market leader in the coming years with Blackstone’s ongoing support,” Dagan Kasavana, Phoenix Tower International CEO.