Phoenix Tower International to acquire the Ireland business of Cellnex Telecom for €971m.

Phoenix Tower International, a telecommunications company operating wireless infrastructure sites, agreed to acquire the Ireland business of Cellnex Telecom, an operator of towers and telecom infrastructures, for €971m. “The sale of our business in Ireland – at an appropriate valuation– is one further step within the company’s ‘Next Chapter’, in line with our strategy, to achieve the goal of consolidating, simplifying our corporate structure and focusing our efforts in the existing growth opportunities in the main markets in which we operate. We want to recognize PTI’s readiness and swift decision making and look forward to closing the deal on due time," Marco Patuano, Cellnex CEO.