Blackstone completed the acquisition of a 35% stake in Phoenix Tower International from Manulife.

Blackstone completed the acquisition of a 35% stake in Phoenix Tower International, a private cell tower platform, from Manulife, a wealth and asset management company. Financial terms were not disclosed. “There is a massive growth opportunity in the wireless infrastructure sector across the world, and I am pleased to have world-class partners from Blackstone on my team to continue to expand the business. We are excited to continue the growth journey for PTI with Blackstone Infrastructure," Dagan Kasavana, Phoenix Tower International CEO.