Choate represented Phoenix Tower International and Orrick advised Digicel Group in the deal.
Phoenix Tower International (PTI), a portfolio company of Blackstone Tactical Opportunities and John Hancock, executed its cross-border acquisition of 451 wireless communication tower sites in Jamaica from the Digicel Group.
The sale and leaseback transaction, valued at $90 million, expands PTI’s footprint into a new market and reinforces PTI’s position as the leading tower company across the Caribbean.
Choate advised Phoenix Tower International with a team including Sarah N. A. Camougis (Picture), Larissa N. Cespedes-Yaffar and Parker W. Towle.
Orrick advised Digicel Group with a team including Dominic O’Brien and Adeola Adeyemi.