Nassar counsels PTI on Latin America portfolio purchase

Nassar Abogados has advised Phoenix Tower International (PTI) in Nicaragua on its purchase of Uniti Group’s Latin America transmission tower portfolio, comprising some 500 transmission towers located in Nicaragua, Mexico and Colombia.

The deal is valued at approximately $100 million.

“This transaction realizes substantial value for our stockholders and allows us to focus on the vast communications infrastructure growth opportunities in the US,” Kenny Gunderman, president and CEO of Uniti, said.

“Uniti Towers will continue to be a significant component of our ongoing strategy to provide a full suite of solutions to wireless carriers and other customers,” he said. 



Arkansas, US-based Uniti is an internally managed real estate investment trust engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry.

Florida, US-based PTI owns and manages more than 6,000 towers, 986km of fibre optic and more than 80,000 other wireless infrastructure and related sites throughout the US, Puerto Rico, the US Virgin Islands, Costa Rica, Panama, El Salvador, Guatemala, Colombia, Peru, Mexico, Dominican Republic, French West Indies, Jamaica, Argentina, Ecuador and Bolivia. 

Citi served as exclusive financial advisor to Uniti in connection with this transaction.

Nassar has offices in Costa Rica, El Salvador, Honduras, Guatemala and Nicaragua and complements its regional coverage with alliances with law firms in Panama, Europe, the US and the Caribbean.