Latest News

Digicel sells 451 cell towers in US$90-m deal with Phoenix Tower

Friday, September 28, 2018

Print this page Email A Friend!


KINGSTON, Jamaica — Digicel today disclosed that it has sold 451 of its wireless communication tower sites for approximately US$90 million to Phoenix Tower Jamaica Limited, the Jamaican subsidiary of America company Phoenix Tower International LLC (PTI).

In a statement this morning, Digicel said the sale and leaseback arrangement means PTI assumes ownership and management rights of the cell towers and the necessary regulatory approvals and licences have been sought and granted.

Speaking about the deal, PTI CEO, Dagan Kasavana, stated that “This latest transaction between PTI and Digicel deepens our excellent working relationship and strengthens PTI's position as the premier wireless infrastructure provider in the Caribbean. Jamaica is poised for significant wireless growth and data consumption in the years to come and PTI looks forward to helping our Jamaican customers, landlords, and the communities we operate in meet these growing demands successfully.”

Meanwhile, Digicel Group CEO, Alex Matuschka, added that the deal is 'consistent' with future expansion of the business.

“With similar agreements with PTI for sites in El Salvador and the French West Indies, this was the next natural step and we are delighted to be extending our partnership. This move is consistent with our stated intent to divest non-strategic assets and focus on building our business for the future," he said.


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT