Blackstone Tactical Opportunities has completed the successful recapitalization of wireless communications infrastructure operator Phoenix Tower International (PTI).
New York-based Blackstone unit raised $1.4 billion of dedicated capital for PTI to execute its global business plan across the digital infrastructure sector, officials announced in a press release.
Originally having invested in the company in 2014, Blackstone Tactical Opportunities has seen PTI’s business swell to 8,000 cell towers and related sites across 14 markets in three continents with a focus on US dollar and Euro-denominated contracts.
Sitting within the private . . .
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