Altice Europe Sells Dominican Republic Tower Assets to Phoenix Tower for $170M

10 months ago
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Altice Europe Sells Dominican Republic Tower Assets to Phoenix Tower for $170M Image Credit: Laymanzoom/Bigstockphoto.com

Altice Europe announced that its subsidiary Altice Dominicana has sold 100% stake in the tower company Teletorres delCaribe to Phoenix Tower for an enterprise value of $170 million.

Altice Dominicana portfolio comprises of 1,049 tower sites across Dominican Republic. Altice Dominicana will enter into a 20-year master agreement with Teletorres del Caribe, setting a clear partnership framework between the two companies. Teletorres del Caribe has committed to support Altice Dominicana in the continued deployment of its network.

Altice Dominicana said it will pursue its long-term industrial project and continue providing best-inclasstelecommunication services to its subscribers, as part of the Altice Group.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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