Phoenix Tower, Bouygues Telecom Ink Tower Deal In France

Phoenix Tower International LLC entered into an agreement with Bouygues Telecom SA to develop about 4,000 newly constructed wireless towers over 12 years outside the Very Dense Area across France.

Phoenix Tower will hold a controlling stake in the newly formed joint venture, which will own and operate the sites, according to a March 23 news release.

Some of the wireless tower sites will be deployed as part of Bouygues’ New Deal Mobile regulatory obligations.

“We believe the French market is well positioned for significant wireless growth throughout the country as further 4G and 5G deployments are made over the coming years and we are proud of our participation in these deployments,” Phoenix Tower CEO Dagan Kasavana said.

Phoenix Tower is backed by funds managed by The Blackstone Group Inc.’s Blackstone Tactical Opportunities Fund LP, John Hancock and various members of the management team.

Natixis and ING were financial advisers to Phoenix.

—SP Global