Davis Polk is advising Uniti Group Inc. in connection with the sale of its tower business in Mexico, Colombia and Nicaragua to Phoenix Tower International Spain ETVE, S.L.U., a portfolio company of Phoenix Tower International. The transaction is expected to close in the first or second quarter of 2019.
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a provider of wireless infrastructure solutions for the communications industry. Phoenix Tower International owns and operates wireless infrastructure sites in Central and South America.
The Davis Polk corporate team includes partner H. Oliver Smith and associates Elyka A. Anvari and Gina Y. Chen. Partner Michael Mollerus and counsel Patrick E. Sigmon are providing tax advice. Partner Brian D. Hirsch and associate Alex Buckley are providing real estate advice. Associates Jennifer M. Wolff and Thomas Lair are providing executive compensation advice. Counsel David A. Zilberberg is providing environmental advice. All members of the Davis Polk team are based in the New York office.