Phoenix Tower International buys WOM’s towers

Today, communications infrastructure specialist PTI has announced that it will acquire up to 3,800 mobile towers from Chilean mobile operator WOM. 
The deal, worth $930 million, will see WOM transfer ownership of roughly 2,334 sites at the time of closing, with an additional 1,466 sites to be transferred by 2024.
The deal represents PTI’s first foray in the Chilean market and will immediately make them the market leader in terms of tower ownership.

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