Phoenix Tower acquires small cell operator Syscom Telecom
US-based Phoenix Tower International (PTI) said it acquired small cell operator Syscom Telecom, which has a Latin American footprint.
The price tag was not disclosed.
Outside of its home market, Syscom Telecom has a presence in Mexico, Costa Rica, Brazil, Peru, Colombia, Germany, Portugal and Spain. It specializes in deploying and maintaining telecommunications infrastructure for mobile communications and IoT, among others, mostly in unconventional locations such as high-visibility billboards.
"Recently PTI has made numerous strategic investments across the Americas to support this business plan including the acquisition of 1,000 km of fiber in Mexico, the investment in Fast Site Solutions in Central America, and the investment in Syscom LatAm in South America, which have allowed PTI to lead next generation solutions on behalf of our customers with dedicated teams in all markets," the buyer said in a statement.
As part of its regional expansion, PTI recently purchased Altice's tower business in the Dominican Republic, as well as 451 sites from Digicel in Jamaica.
In the US, the acquisition will add 80,000 small cell sites to PTI's portfolio.
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