Phoenix Tower International

What Phoenix Tower International does

Phoenix Tower International (PTI) is a Boca Raton, Florida-based private telecommunications infrastructure company founded in October 2013 by Dagan Kasavana. It owns, operates, and develops wireless infrastructure — primarily macro towers, but also Distributed Antenna Systems (in-building and outdoor), small cells, edge data centers, and fiber networks — across 24 markets in North America, Latin America, the Caribbean, and Europe. PTI's directly owned portfolio exceeded 33,000 telecom towers following the December 2025 Infracos acquisition (approximately €960 million, 3,700 sites from Bouygues Telecom and SFR), and the company markets a broader base of 100,000+ sites including managed and co-located locations.

PTI generates revenue through five primary streams: recurring monthly tower lease and co-location fees from Mobile Network Operators (MNOs); one-time proceeds from sale-and-lease-back transactions that convert MNOs' tower assets into long-term lease relationships; build-to-suit development fees and milestone payments funded through PTI's balance sheet; tower acquisition transaction fees from independent tower owners, developers, and infrastructure sellers (including corporate carve-outs); and ground rent, lease prepayment, and site marketing fees paid to landlords, real estate owners, and property developers. Pricing is not publicly disclosed; contracts are negotiated directly with MNOs and partners by regional sales and asset management teams.

PTI's go-to-market is enterprise field sales targeting MNOs (Deutsche Telekom, Vodafone, O2 Telefónica, Bouygues Telecom, SFR, Iliad, WOM, Liberty Latin America, Cellnex, Monaco Telecom) complemented by direct engagement with landlords, real estate developers, and infrastructure owners. The company is backed by institutional investors including Blackstone (initial backer), BlackRock, Grain Management, Wren House, and USS, supported by a USD 2 billion senior credit facility covering the Americas and a €1.2 billion multi-jurisdiction facility. PTI differentiates on the basis of multi-region scale (France alone approaches 10,000 sites and Chile is its largest market by site count), capital flexibility, and execution speed on sale-and-lease-back and build-to-suit deals.

Name

Phoenix Tower International

Legal name

Phoenix Tower International Investments LLC

Website

https://phoenixintnl.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Short description

Phoenix Tower International is a private Boca Raton-based tower infrastructure company that owns and operates 33,000+ wireless telecom towers across 24 markets in the Americas, Caribbean, and Europe, serving Mobile Network Operators and infrastructure partners through co-location, sale-and-lease-back, and build-to-suit services.

Ownership category

akta.pro rank

Product category

Wireless Telecommunications Infrastructure / Tower Infrastructure Services

NAICS

Wired and Wireless Telecommunications (except Satellite) (5171), Wireless Telecommunications Carriers (except Satellite) (517112)

SIC

Radiotelephone Communications (4812)

akta.pro primary industry

Macro Towers (Ground-Based & Rooftop) (HDAIAKAA)

akta.pro secondary industries

Tower Operations & Maintenance (Field Services) (HDAIAKAF), Telecom Tower & Mast Construction (Greenfield Builds, Foundations, Erection) (IMAFAIAC)

Keywords

• Wireless tower infrastructure
• Telecom tower leasing
• Co-location services
• Build-to-suit towers
• Sale-and-lease-back

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Tower Lease and Co-location Revenue: PTI generates recurring revenue through monthly tower leases charged to Mobile Network Operators (MNOs) for hosting equipment on its telecom tower infrastructure. Co-location fees are charged when additional tenants share a tower. This represents the core recurring revenue stream.
2. Sale and Lease-back Transactions: PTI acquires tower assets from MNOs through sale-and-lease-back arrangements, generating one-time proceeds while establishing long-term lease relationships. This allows MNOs to unlock capital and focus on strategic priorities.
3. Build-to-Suit Development Fees: PTI funds the construction of new towers or other wireless infrastructure (DAS, fiber, small cells) via milestone payments or financing partnerships for developers, earning development fees and establishing long-term asset ownership.
4. Tower Acquisition and Marketing Services: PTI acquires infrastructure assets from independent tower owners, developers, and other sellers through corporate carve-outs, asset purchases and share purchase transactions, and earns fees through site marketing services for property owners (zero cost unless new business is generated).
5. Land and Rooftop Acquisition Programs: PTI acquires fee simple land and pre-pays leases under existing wireless towers and roof-top equipment, converting ongoing wireless income streams into lump-sum payments for property owners, generating transaction fees and long-term leasehold interests.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Phoenix Tower International owns and operates wireless telecommunications infrastructure — including macro towers, Distributed Antenna Systems (DAS), outdoor DAS, small cells, edge data centers, and fiber — across 24 markets in North America, Latin America, the Caribbean, and Europe. The company generates recurring revenue by leasing tower space to Mobile Network Operators (MNOs), executing sale-and-lease-back transactions, providing build-to-suit site development, and acquiring tower portfolios from MNOs and independent owners. The portfolio comprises over 33,000 telecom tower sites serving operators such as Deutsche Telekom, Vodafone, O2, Bouygues Telecom, SFR, Iliad, and WOM.

Product overview

Phoenix Tower International (PTI) is a physical telecommunications infrastructure company that owns and operates wireless infrastructure assets across 24 markets in North America, Latin America, the Caribbean, and Europe. PTI's core offering is its tower site portfolio (over 33,000 telecom towers globally), which serves as the foundational infrastructure platform. The product portfolio centers on Tower Sites/Wireless Infrastructure as the core asset class, supplemented by co-location services that allow MNOs to share infrastructure. Supporting modules include Site Development Services and Build-to-Suit for new tower construction; Distributed Antenna Systems (DAS), Edge Data Centers, Small Cell Connectivity, and Fiber Networks as next-generation solutions; Energy as a Service for operational cost reduction; and tower-focused financial services including Sale and Lease-back, Tower Acquisition, Marketing Agreements, and Land/Rooftop Income Acquisition. The integrated offering enables MNOs to access wireless infrastructure without capital ownership, landlords to monetize land assets, and real estate developers to generate revenue from properties.

Differentiator

Problem solved

Functional benefit

Brands

• PTI Wings Foundation: Charitable foundation through which PTI and employees give back to communities where they live, work, and do business.
• PTI Services

Products and services

• Tower Sites / Wireless Infrastructure PTI owns and operates wireless telecom tower sites for mobile network operators, providing physical infrastructure for network coverage and connectivity across 24 markets globally. Portfolio exceeds 33,000 telecom towers.
• Co-location Services for Network Operators Fast and reliable co-location services enabling Mobile Network Operators to install equipment on existing PTI tower infrastructure with full turnkey solutions and prioritized speed to market.
• Build-to-Suit Tower Development Custom tower and wireless infrastructure construction (DAS, fiber, small cells) funded and developed by PTI for MNOs via milestone payments, eliminating developer's out-of-pocket expenditures.
• In-Building Wireless / DAS Solutions PTI deploys and operates in-building Distributed Antenna Systems (DAS) and outdoor DAS solutions for superior mobile experience in premier properties, including fiber optic network design and build and active electronics installation for 5G delivery.
• Sale and Lease-back Transactions Transaction structure enabling MNOs to sell tower assets and lease them back, unlocking capital for strategic investments while offloading tower operations to PTI.
• Tower Acquisition and Marketing Services Acquisition of infrastructure assets from independent tower owners, developers, and other sellers through corporate carve-outs, asset purchases, and share purchase transactions across multiple jurisdictions, plus marketing services for property owners (zero cost unless new business is generated).
• Edge Data Centers Edge data center deployment and operation supporting MNO network expansion and transformation for next-generation wireless requirements.
• PTI Services (Telecommunications Field and Engineering Services) Delivers scalable telecommunications field and engineering services for Wireless and Fiber Network operators, helping to acquire, design, develop, modify, and project manage telecommunications sites for cellular network deployments.

Quantifiable outcome

• PTI became the largest tower owner in Chile following the acquisition of over 2,334 sites from WOM
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered primary, minor and core.

• Bouygues TelecomprimaryStrategic or Co-development Partner · 30 December 2025Bouygues Telecom partnered with PTI through the sale of its stake in the Infracos joint venture (with SFR), adding approximately 3,700 wireless sites in France to PTI's portfolio. PTI also previously agreed to deploy up to 4,000 new build-to-suit towers with Bouygues Telecom over 12 years.
• SFRprimaryStrategic or Co-development Partner · 30 December 2025SFR partnered with PTI through the sale of its stake in the Infracos joint venture (with Bouygues Telecom), transferring approximately 3,700 wireless sites in France to PTI's management.
• Cellnex TelecomminorStrategic or Co-development Partner · 25 November 2025PTI received regulatory approval to acquire Cellnex Ireland following review by the competition authority with binding commitments. PTI has also previously acquired sites from Cellnex in France.
• IliadprimaryStrategic or Co-development Partner · 26 August 2024Iliad engaged PTI for a strategic build-to-suit agreement in Italy, where PTI will construct new towers to support Iliad's network expansion and 5G deployment across Italy.
• Liberty Latin AmericacoreStrategic or Co-development Partner · 12 March 2024Liberty Latin America signed a deal with PTI to monetize approximately 1,300 mobile tower sites across 6 Caribbean markets and Panama, with expected cumulative cash proceeds of USD 407 million.
• WOM (Chile)coreStrategic or Co-development Partner · 23 August 2022PTI acquired over 2,334 tower sites from WOM in Chile through a sale-and-lease-back arrangement, making PTI the largest tower owner in Chile.
• Monaco TelecomcoreStrategic or Co-development Partner · 8 March 2021PTI signed an agreement with Monaco Telecom to acquire over 815 wireless towers and new build-to-suit towers over 6 years in Malta and Cyprus, marking PTI's entry into those markets.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• American Tower Corporation: American Tower is the largest publicly traded global tower REIT with ~225,000+ communications sites across the Americas, Africa, and Asia. It is a direct competitor in tower leasing and co-location, with overlapping customer relationships with MNOs that PTI serves.
• SBA Communications: SBA Communications is a leading publicly traded tower operator with ~40,000+ sites, predominantly in the Americas. It competes with PTI for US and Latin American tower portfolios and shares the same MNO customer base (e.g., T-Mobile, AT&T, regional operators).
• Crown Castle Inc. Crown Castle owns ~40,000 US towers plus a significant US fiber business. While predominantly US-focused, it overlaps directly with PTI's US macro tower and fiber/DAS/small cell offerings and competes for the same MNO tenancy relationships.
• IHS Towers: IHS Towers is one of the largest independent tower operators globally with a focus on Africa, Latin America, and the Middle East. It overlaps with PTI in Latin American and Caribbean markets and competes for cross-regional MNO master lease agreements.

Direct peers

• Cellnex Telecom: Cellnex is Europe's largest independent tower operator with ~112,000 sites across 10 European countries. PTI has acquired multiple portfolios from Cellnex (1,226 sites in France, Cellnex Ireland), positioning Cellnex as a direct seller/counterparty and a benchmark for European tower economics.
• Helios Towers: Helios Towers is a London-listed independent tower operator with operations in Africa and the Middle East (~14,000 sites). It is a comparable sponsor-backed, growth-focused towerco that pursues a similar roll-up strategy to PTI in emerging markets.
• INWIT: INWIT is Italy's largest tower operator with ~24,000+ towers, jointly controlled by TIM and Vodafone. PTI's build-to-suit agreement with Iliad in Italy places it as a direct competing towerco in the Italian market with comparable macro tower and DAS offerings.
• EDP Sciences / Totem (Bouygues): Totem (formerly part of Bouygues Telecom) is a French tower operator directly competing in the French market where PTI has built a ~10,000-site portfolio following the Infracos acquisition. It serves as a same-market competitor for French MNO tenancy.

Regional players

• Telesites (América Móvil): Telesites is the Mexican/Latin American tower operator spun out of América Móvil with ~17,000 sites. It overlaps with PTI's Mexican and broader Latin American portfolio and competes for tower co-location with regional MNOs.

Others

• DigitalBridge / Vertical Bridge: DigitalBridge is a leading digital infrastructure investment firm; Vertical Bridge is the largest private US tower operator (~500,000 sites including managed) and was previously PTI SVP Peter Appel's employer. They serve as comparable private tower capital pools and competitive bidders for US tower portfolios.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100063775463029
• LinkedInlinkedin.com/company/phoenix-tower-international
• Instagraminstagram.com/phoenixtowerinternational

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phoenix Tower International