Phoenix Tower International, through its local Chile-based subsidiary, Phoenix Tower International Chile SpA, announced it has agreed to acquire up to 3,800 telecommunications sites in Chile from WOM SA for approximately $930 million. The transaction, announced July 5, is expected to close in the third quarter of 2022. Boca Raton, Florida-based Phoenix Tower is advised by Greenberg Traurig; Simpson Thacher & Bartlett; Choate Hall & Stewart and Barros Silva Varela & Vigil Abogados Limitada. The Simpson Thacher team included partners Michael Chao and Anthony Vernace. WOM SA, which is based in Santiago, Chile, is represented by Allen & Overy and Albagli Zaliasnik.

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