STATEMENT: Phoenix Tower International announces the investment of Grain Management and BlackRock

(Information sent by the signatory company).

STATEMENT: Phoenix Tower International announces the investment of Grain Management and BlackRock

(Information sent by the signatory company)

- Phoenix Tower International announces investment from Grain Management and BlackRock to continue global expansion

BOCA RATON, Fla., March 28, 2024 /PRNewswire/ -- Phoenix Tower International ("PTI" or the "Company"), a leading global provider of wireless communications infrastructure, today announced that Grain Management ("Grain") , through its flagship funds, and BlackRock, through a fund managed by its Diversified Infrastructure business ("BlackRock") has made a strategic investment in the Company. The investment will support PTI's future growth by providing critical tower infrastructure to new and existing markets around the world. Grain and BlackRock join Blackstone as investors behind PTI as it seeks to continue growing and expanding the business.

Founded in 2013 and headquartered in Florida, PTI is the world's largest private tower platform, operating more than 24,000 telecommunications towers in 23 countries in North America, Europe, Latin America and the Caribbean. PTI serves a diversified customer base of global mobile network operators, enabling them to improve their ability to keep their customers connected.

"We welcome Grain Management and BlackRock as investors in Phoenix Tower International and look forward to leveraging their strong track record in digital infrastructure investments to support our continued expansion," said Dagan Kasavana, founder and CEO of Phoenix Tower International. "Over the past decade, we have grown exponentially to deliver wireless tower infrastructure to communities and countries in need of greater connectivity and we look forward to increasing our impact with the support of our new and existing partners."

"We are excited to partner with Phoenix Tower International and bring our capital and industry expertise to help drive the company's continued growth as a leading provider of global wireless infrastructure," said Ted Manvitz, CEO of Grain.

David J. Grain, founder and CEO of Grain, said: "Our partnership with PTI naturally aligns with our investment strategy and our belief in the power of broadband communications to drive digital transformation and economic growth, and to unleash human potential.

"Phoenix Tower International owns and operates critical infrastructure that supports a growing network of mobile network operators globally, helping to deliver wireless connectivity to customers around the world," said Mark Florian, global head of diversified infrastructure at BlackRock. "We are excited to invest on behalf of our clients in this leading platform and to partner with Dagan and PTI's highly experienced management team to support the company's continued growth.

Acerca de Phoenix Tower International

PTI, through its affiliates and subsidiaries, owns and operates more than 24,000 telecommunications towers in North America, Europe, Latin America and the Caribbean. PTI was founded in 2013 with the mission to be a premier site provider for wireless operators around the world in high-growth markets. PTI is headquartered in Boca Raton, Florida. For more information, visit

About Grain Management

Grain Management believes that broadband and digital infrastructure are critical to the technological transformation occurring across all industries and facets of society. Our global team of diverse and experienced professionals share a collective passion for the power of connectivity to strengthen communities and unlock human potential for all.

Founded in 2007, Grain Management is a leading global investment firm. We specialize in digital infrastructure and are a reliable provider of solutions for the communications and broadband industry. Our unique combination of industry knowledge, operator experience and disciplined analytical approach guide our differentiated investment strategy across fiber networks, data centers, wireless spectrum, cell towers, as well as managed and infrastructure services. For more information, visit

Acerca de BlackRock Private Markets

BlackRock's private markets platform serves investors seeking superior performance in infrastructure, private debt, private equity, real estate and multi-alternative solutions. We strive to offer our investors the highest quality opportunities by leveraging our global presence, superior execution capabilities, proprietary technology and our position as a preferred partner. As of December 31, 2023, BlackRock manages $327 billion in liquid and illiquid alternative investments and commitments on behalf of clients around the world.


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