Viva, the third carrier in the Dominican Republic, has agreed to sell 145 towers as well as marketing rights of over 400 sites to Phoenix Tower International (PTI). In parallel, Viva was sold by Trilogy International Partners to Telemicro Group, a local media company owned by businessman Juan Ramon Gomez Diaz.
PTI has been aggressively pursuing growth opportunities in Central and South America and this is the second deal the towerco has struck in the Dominican Republic after the acquisition of 190 sites from Teletower Dominicana in November 2015.
PTI is the fastest growing independent towerco in the region with a portfolio, comprising of Phoenix do Brasil’s assets, that went from 58 sites in Q3 2014 to over 2,000 in less than eighteen months.
TowerXchange reached out to PTI’s CEO, Dagan Kasavana, who commented that “With Altice, Claro, Viva and Wind all investing in their networks in the Dominican Republic we are finding many opportunities to continue to grow our tower portfolio in the Dominican Republic and potentially expand to other Caribbean markets.”
The terms of PTI’s latest acquisition were not disclosed.
