Business View - December 2014 63
felt there was so much opportunity out there that had
been undeveloped.”
And when he said “right back into it,” yes, he really
meant it.
Kasavana started the new operation the day after the
American Tower deal was completed, and immediately
went about raising funds to support their corporate vi-
sion of having a multinational tower owner/operator
that would work with developers to build towers across
Latin America and the United States.
The intense capital-seeking period lasted about six
months, Kasavana said, and yielded a group of well-
heeled investors able to immediately assist with an
aim toward aggressively attacking the market and its
wireless growth opportunities. A series of transactions
followed in which the new enterprise acquired a series
of available businesses to bolster its complement of
services.
Perhaps most notable among the moves was a Sep-
tember purchase of American Tower’s roster of 60
telecommunications sites in Panama, which included
a mix of towers in urban and suburban locations that
are occupied by all of the country’s major wireless car-
riers.
“We got a great deal done,” Kasavana said. “With this
latest acquisition, Phoenix Tower further establishes
itself as a premier site provider to our wireless cus-
tomers across Latin America. Panama represents a
vibrant wireless market with four major multinational
operators and is one of the fastest-growing economies
in Latin America.”
CONSTRUCTION
