August 2, 2018 |
Phoenix Tower International has agreed to buy Altice Dominicana's Teletorres del Caribe telecommunications assets in the Dominican Republic for $170m.
The Blackstone portfolio company picks up 1,049 telecom tower sites currently operated by the European cable company's local subsidiary.
Altice Dominicana will enter into a 20-year master agreement with Teletorres del Caribe, which will continue to deploy the telecommunications network.
Goldman Sachs and BNP Paribas were financial advisors to A
Blackstone portfolio company pays the Dutch cable and telecom unit $170m for Teletorres del Caribe