Phoenix Tower International (PTI), through its local Chilean subsidiary, Phoenix Tower International Chile SpA, has signed a definitive agreement with WOM S.A. to acquire up to 3,800 telecommunications sites in Chile.
As part of the transaction, PTI will acquire approximately 2,334 tower sites at the initial closing and 1,466 additional sites by 2024 for a total consideration of approximately US$930 million, a portion of which will be paid upon transfer of the additional sites.
The transaction will be funded in part by a financing facility led by Scotiabank and supplemented by PTI’s additional finance providers (affiliates of Caisse de dépôt et placement du Québec and Ares Management Corporation). The equity for the transaction was provided by various Blackstone funds, including those managed by Blackstone’s infrastructure and tactical opportunities businesses.
Greenberg Traurig, LLP, Simpson Thacher & Bartlett, LLP, Choate Hall & Stewart, LLP and Barros Silva Varela & Vigil Abogados Limitada acted as legal advisors to PTI. Scotiabank acted as sole lead arranger, bookrunner and exclusive financial advisor to PTI. Allen & Overy and Albagli Zaliasnik acted as legal advisors to WOM. Citi acted as an exclusive financial advisor to WOM.
The Ministry of Public Works in Chile has extended the deadline for the operation and expansion of El Loa Aiport located 6 km from the city of Calama, Chile. The project includes the i...
Read moreThe Ministry of Public Works in Chile has extended the deadline to submit the response to its tender for the Punilla reservoir concession. More than 18 firms have purchased the bidding documents...
Read moreThe consortium led by Macquarie Capital has been awarded a contract for the improvement and operation of the Ruta Minera in Chile. The 137 km long Ruta Minera is a private industrial road that connect...
Read moreAyesa has secured a EUR11 million (US$11.95 million) engineering contract from the Santiago Metro to carry out the technical inspection of the lot covering sections 2, 3 and 4 of the Line 7 proje...
Read moreMinistry of Public works in Chile has started operations for Los Lagartos rest area for Ruta 5- Talca Chillan section located in the commune of San Francisco de Mostazal. The rest area was developed...
Read more