Phoenix/Cellnex
Transaction details
The proposed acquisition by Phoenix Tower International Holdco, through its wholly-owned subsidiary JorMadheary Holdco 39 Limited, of the entire issued share capital, and thus sole control, of Cellnex Ireland Limited and Cignal Infrastructure Limited (together “Cellnex”), has been cleared, subject to legally binding commitments, by the Competition and Consumer Protection Commission.
Related media statement
6 February 2025
25 November 2025
CCPC publishes full written determination on Phoenix-Cellnex deal
Case details
- Notification date:21 March 2024
- Publication date:21 March 2024
- Economic sector:Telecom & IT service activities - K
- Economic sub-sector:Telecommunication - K.61
- Request for information:Yes
- Outcome:Cleared with proposals
Documents
M.24.018 Merger AnnouncementPDF | 150 KBM.24.018 Merger Announcement PDF | 150 KB - Opens in new window
M.24.018 Phase 1 DeterminationPDF | 280 KBM.24.018 Phase 1 Determination PDF | 280 KB - Opens in new window
M.24.018 Phase 2 DeterminationPDF | 3318 KBM.24.018 Phase 2 Determination PDF | 3318 KB - Opens in new window
Timetable
Parties Involved
Phoenix Tower International Holdco
Phoenix Tower International Holdco is a subsidiary of Phoenix Tower US Holdings L.P, which is the holding company for the PTI group. The PTI group is a privately-owned wireless infrastructure group, which currently owns a portfolio of approximately 25,000 wireless infrastructure sites operating across Latin America, the Caribbean, Europe and the United States. The PTI group is solely controlled by funds and/or investment vehicles managed and/or advised by affiliates of Blackstone Inc.
Phoenix Tower International Holdco entered the Irish passive infrastructure sector in 2020, following its acquisition of Emerald Tower Limited, the passive infrastructure portfolio of Eircom Limited.
Phoenix Tower International Holdco's portfolio in the State currently consists of several macro sites (comprising tower sites and rooftop locations). Phoenix Tower International Holdco's network in Ireland is used to provide the physical infrastructure necessary for wireless network operators to provide communications services. Phoenix Tower International Holdco's infrastructure is used for both radio coverage and transmission backhaul by customers including fixed network operators, wireless broadband network operators and emergency services.
Cellnex
Cellnex owns Cellnex Ireland Limited and Cignal Infrastructure Limited. Together, Cellnex Ireland Limited and Cignal Infrastructure Limited comprise the wireless infrastructure business of Cellnex Telecom S.A. in the State.
Cellnex Telecom S.A. entered the Irish passive infrastructure sector in 2019, following its acquisition of Cignal Infrastructure Limited from InfraVia Capital Partners. In 2021, Cellnex Telecom S.A. completed the acquisition of an additional 1,150 macro sites in the State from CK Hutchison (owner of the Three network), as part of a major international transaction covering a number of jurisdictions, including the State.
Cellnex operates a nationwide portfolio of macro sites containing passive infrastructure as well as real estate-only sites. Cellnex leases space on its infrastructure to communications providers to place their active network equipment. Cellnex's sites are also used to provide the physical infrastructure necessary for wireless network operators to provide communications services, and for radio coverage and transmission backhaul by customers including fixed network operators, wireless broadband network operators and emergency services.
Contacts
