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A subsidiary of Blackstone Group LP has agreed to purchase the telecom towers of Altice Europe NV in the Dominican Republic, according to Bloomberg released Thursday.
After indicating that the announcement of the transaction will be made very soon, he argued that the value of the trading will be US $ 170 million.
Although the source who offered the information to Bloomberg requested reservations of his name because the information is private, the publication argues that it is someone who knows l & # 39; case. he explained, is made by Phoenix Tower International, of which Blackstone has a majority.
With the intention of reducing its debt, Altice sold its French towers to KKR & Co. last month and the Portuguese towers to a Morgan Stanley Infrastructure Partners group, with which it could obtain $ 2.9 billion. U.S. dollars.
Founded in 2013 and based in Boca Raton, Florida, Phoenix has communication towers. wireless operations in Costa Rica, Panama, El Salvador, the Dominican Republic, the French West Indies, Colombia, Peru and the United States, including Puerto Rico.
The agreement with the Dominican Republic covers 1,050 sites. means of a change to 4G technology in the country and increasing demand for services. Future growth could come from other operators using the towers offered by Altice.
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