Announced
Financials
Tags
telecommunication sites
Germany
mobile operators
Acquisition
Telecommunications Services: Other
Cross Border
Majority
Private
Pending
Single Bidder
Friendly
Synopsis
Phoenix Tower International, a global wireless communications infrastructure provider, agreed to acquire NOVEC, the German subsidiary of NOVEC. Financial terms were not disclosed. "NOVEC is pleased to announce that we have found in PTI a strong strategic investor that can support NOVEC GmbH in its further growth ambitions in Germany," Gertjan Hoefman, NOVEC CEO.
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