Blackstone portfolio company Phoenix Tower Intl. has finalized an agreement with Bouygues Telecom to develop approximately 4,000 newly constructed wireless towers over 12 years across France.
This transaction significantly expands Phoenix's footprint in France and solidifies the company's position in Europe, the United States, Latin America and the Caribbean.
Phoenix and Bouygues Telecom have established a long-term partnership in the form of a Phoenix-controlled joint venture that will own and operate the sites. Some of the sites will be deployed as part of Bouygues Telecom's "New Deal Mobile" regulatory obligations of targeted mobile radio coverage improvements, accelerated mobile radio rollouts alongside transportation routes.
“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,” sai
