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Phoenix Tower International Signs Agreement with Monaco Telecom

Phoenix Tower International Signs Agreement with Monaco Telecom BOCA RATON, Fla., March 8, 2021 /PRNewswire/ Phoenix Tower International ( Phoenix ) and Monaco Telecom today announced the signing of a definitive agreement 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. This transaction positions Phoenix as the largest tower infrastructure provider in both markets, materially expands its growing footprint in Europe, and further solidifies the company s leadership position. Closing is subject to customary conditions precedents for this type of transaction. Phoenix and Monaco Telecom have established a long-term partnership whereby Monaco Telecom will occupy the sites for at least twenty years.

Epic enters into a strategic partnership with Phoenix Tower International

Epic enters into a strategic partnership with Phoenix Tower International Epic Communications Limited has announced the sale of 100% of M.T. Mediterranean Towers Limited, its fully-owned infrastructure management company 9 March 2021, 5:14pm by Paul Cocks This passive mobile infrastructure essentially encompasses metallic and concrete elements such as towers and masts. Epic will retain full ownership and management of the Epic base stations, antenna and all telecom-related active equipment that is typically located on such infrastructure; which equipment is critical for the company to offer its core services to its end consumers. Epic and PTI will enter into a long-term service agreement for the provision of hosting services over the infrastructure as well as the construction of new sites through a build-to-suit programme, securing long-term access by Epic to such infrastructure.

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