Phoenix Tower International Acquires 451 Towers in $90M Deal with Digicel

Choate represented Phoenix Tower International (PTI), a portfolio company of Blackstone Tactical Opportunities and John Hancock, in its cross-border acquisition of 451 wireless communication tower sites in Jamaica from the Digicel Group.

The sale and leaseback transaction, valued at $90 million,  expands PTI's footprint into a new market and reinforces PTI's position as the leading tower company across the Caribbean. 

Choate’s private equity group has been active across the Latin American and Caribbean regions during the past year, including its recent transaction on behalf of Great Hill Partners.

For additional details on the deal, please read the press release.