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New Deal


Announced

Blackstone-backed Phoenix Tower International to acquire 3.8k towers in Chile from Novator-backed WOM for $930m.

Synopsis

Blackstone-backed Phoenix Tower International, a telecommunications company that owns and operates wireless infrastructure sites, agreed to acquire 3.8k telecommunications towers in Chile from Novator-backed WOM, a mobile telephony and broadband company, for $930m. "This deal enables WOM to strengthen our focus to provide affordable, easy–to-access, world-class connectivity to all Chileans and will allow us to fulfill our promise to deliver the best service at fair prices. It also enables us to strengthen our investment in Chile, particularly expanding 5G coverage from Arica to Punta Arenas over the next several months, as well as expanding coverage into rural areas of the country by delivering upgraded connectivity and contributing to a reduction of the digital gap," Sebastian Precht, WOM CEO.

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