Phoenix Tower International Acquires Cellnex's Irish Business for €971M
February 28, 2025
Phoenix Tower International (PTI) has completed the acquisition of 100% of Cellnex Telecom’s business in Ireland for approximately €971 million, acquiring roughly 1,900 wireless sites and becoming the largest tower owner in Ireland. The deal expands PTI’s European footprint and was completed with advisory support (Nomura and Arthur Cox) to PTI.
- Buyers
- Phoenix Tower International
- Targets
- Cellnex Telecom (Ireland business)
- Sellers
- Cellnex Telecom
- Industry
- Telecommunications
- Location
- Ireland
- Transaction Type
- Divestiture
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