Done Deal, Phoenix Closes on 600 T-Mobile Tower SitesComments Off on Done Deal, Phoenix Closes on 600 T-Mobile Tower Sites
Phoenix Tower International CEO Dagan T. Kasavana said the Boca Raton, FL company has closed on its deal to acquire 600 T-Mobile tower sites and notes TD Securities served as merger and acquisition advisor and provided financing for the transaction, but he won’t budge on financial details like what it cost Phoenix to buy the towers.
“The closing of this credit facility with Toronto Dominion was crucial to the acquisition of the sites with T-Mobile. Furthermore, TD’s facility provides additional financing for development and acquisition opportunities in the United States where we want to continue to build momentum after our transaction with T-Mobile. TD is a market leader in tower financing and we are excited to work with them in our continued expansion in the United States,” Kasavana said.
According to the Phoenix website, Mr. Kasavana graduated from Fairfield University with a Bachelor of Science degree in Accounting and is a Certified Public Accountant. His past work includes Ernst & Young, LLP, both in the area of auditing (1998-2004) and in the area of transaction advisory services (2004-2006). He specialized in providing services to clients in the areas of technology, wireless infrastructure, manufacturing and telecommunications.
Photo courtesy of linkedIn.
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