Blackstone-backed Phoenix Tower International (PTI) has announced the closing of an agreement with Bouygues Telecom to develop approximately 4,000 newly constructed wireless towers over twelve years outside very-densely populated areas of France. The sites will be owned and operated by a PTI-controlled joint venture (JV). The new agreement will significantly expand PTI’s footprint in France, while also aiding Bouygues Telecom in meeting its coverage obligations outlined in the so-called ‘New Deal’, which was inked by mobile operators and the government in 2018.
PTI’s CEO Dagan Kasavana commented: ‘We are quite enthusiastic to partner with Bouygues Telecom on such an important and exciting project. 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.’