Blackstone-backed Phoenix Tower International completed the acquisition of Emerald Tower for $327m.

Blackstone-backed Phoenix Tower International, a Phoenix Tower International company, completed the acquisition of Emerald Tower, a telecom infrastructure management company in Ireland, from Eircom, a mobile telecommunication company, for $327m. "This transaction allows us to accelerate the roll-out of our expanded 4G and 5G networks and increases eir’s capacity to further invest in our mobile network. It will help us deliver the best mobile experience for all our customers across Ireland, enabling more efficient infrastructure roll-out in the future to further increase geographic coverage," Carolan Lennon, eir CEO.