Phoenix Tower International chief executive Dagan Kasavana says the multinational will continue expanding in the Republic following its takeover of rival Cellnex.
Communications mast specialist Phoenix Tower International could spend €75 million in the Republic over the next five years as demand for wireless infrastructure continues growing, according to its chief executive, Dagan Kasavana.
The Florida, US-based multinational recently completed a €937 million deal to take over rival Cellnex’s Irish network. It formally opened an office here, serving as a local base and hub for elements of its European operations.
Now that it has secured Competition and Consumer Protection Commission (CCPC) approval for the Cellnex deal, Kasavana predicts that Phoenix will continue investing in the Republic where it is now the biggest player in its industry.
“We probably have designs for a couple of hundred [new towers] in the next five years,” he says.
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