Global Infrastructure SherpaBlackstone Infrastructure Partners acquires a stake in Phoenix Tower International (PTI) to expand its cell tower platform
Funds managed by Blackstone Infrastructure Partners acquired a stake in Phoenix Tower International (PTI) in 2021. This investment aims to expand and strengthen PTI's leading private cell tower platform, which operates over 29,000 cell towers across the Americas and Europe, supporting the growing demand for mobile connectivity and digital infrastructure.
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The world's largest alternative asset manager, Blackstone, saw its dedicated infrastructure arm, Blackstone Infrastructure Partners, acquire a stake in Phoenix Tower International in 2021. This move immediately strengthened PTI's leading private cell tower platform, which already operates over 29,000 towers across the Americas and Europe. The investment directly supports the escalating demand for mobile connectivity and digital infrastructure across these regions.
- Blackstone Infrastructure Partners is the dedicated infrastructure arm of the world's largest alternative asset manager.
- Phoenix Tower International operates over 29,000 cell towers.
- PTI's platform spans both the Americas and Europe.
- The acquisition was announced in 2021.
Timeline
Announced
Jan 1, 2021
Signed
Closed
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