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 Alti
Blackstone portfolio company pays the Dutch cable and telecom unit $170m for Teletorres del Caribe