Freshfields advised Phoenix Tower International on its agreement with Monaco Telecom to own and operate wireless towers across Malta and Cyprus
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) advised Phoenix Tower International (‘Phoenix’), a Blackstone portfolio company, on its definitive agreement with Monaco Telecom to purchase over 815 wireless towers and acquire newly constructed wireless towers over 6 years across Malta and Cyprus through a build-to-suit program. Phoenix and Monaco Telecom have established a long-term partnership whereby Monaco Telecom will occupy the sites for at least twenty years.
This transaction positions Phoenix as the largest tower infrastructure provider in both Malta and Cyrus.
Closing is subject to customary regulatory approvals.
The multijurisdictional Freshfields team was led by Sami Jebbour, counsel, with a team composed of Alan Mason, global managing partner, Mirko Masek, counsel, and Lucie Praly, associate, for corporate aspects; Fabrice Grillo and Peter Hall, partners, Marie Roche, counsel, Thomas Jeannin, senior associate, Peter Ma and Elodie Soler, associates, for financing aspects; and Jérôme Philippe, partner, Charles Méteaut, senior associate, and Felix Roscam Abbing, associate, for competition aspects. Richard Thexton and Roger Schofield, partners, advised on the English law aspects of the transaction.