When any telecommunication company looks to invest, it must concentrate on meeting the rising demand of high-speed data transmission and internet – a fundamental access point to high quality services for customers all over the world.
In an effort to step up network expansion initiatives, Phoenix Tower International announced an agreement to purchase 650 wireless towers from Irish telco Eir. As such, it will also acquire 100 percent of the shares in Eir’s mobile telecom infrastructure management wing, Emerald Towers.
According to some reports, Eir will preserve ownership of its connected antennae and base stations and will negotiate a deal to lease back access to the towers themselves.
“This transaction allows us to accelerate the rollout of our expanded 4G and 5G networks and increases Eir’s capacity to further invest in our mobile network,” said Eir CEO Carolan Lennon.
Phoenix Tower International’s main purpose is to expand its infrastructure footprint to a new European nation, after growing throughout the United States, Latin America and the Caribbean. In addition to owning and operating high quality wireless infrastructure.
While having around 9000 towers spread across 15 countries, Phoenix is turning into one of the major players in the telecom infrastructure game.
“Ireland represents an important economic hub for Europe and the world, and we are proud to support Eir in their ongoing build-outs across the country,” said Tim Culver, Executive Chairman of Phoenix Tower International. “This transaction further expands PTI’s global footprint and we are excited to be a long-term partner of Eir.”
Phoenix tower is not the only company to realize the potential of assets with continuous demand and no expiry date; other companies like Cellnex recognize that owning passive infrastructure in a world defined by mobile connectivity is a striking gamble.
Thus, the sale of physical infrastructure, the passive part of the network, is proving to be a popular way forward in regard to the deployment of 5G networks and upgrading broadband to full fiber, which are both very expensive endeavors.