The Blackstone-backed Phoenix Tower International is to purchase over 650 wireless towers from the Irish telecom eir.
The transaction, which also includes a number of recently constructed towers, will take place over eight years as part of a ‘build to suit’ programme. It makes Phoenix the largest tower infrastructure provider in Ireland and expands its growing footprint in Europe.
Under the agreement eir has committed to occupy the sites for at least 20 years.
“The global pandemic related to Covid-19 has impacted all of our communities and highlights the importance of wireless infrastructure to support global trade, commerce and social connections. This will not diminish as economies rebound in the coming months and years ahead,” said Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.
Former state monopoly eir is the largest provider of fixed line telecommunications services in Ireland, offering broadband, voice, TV, and data services to residential, small business, enterprise and government segments.