Phoenix Tower International LLC entered into a definitive agreement to acquire unknown majority stake in Towertel S.p.A. from EI Towers S.p.A on December 24, 2020. As part of the agreement F2i SGR, one of EI Towers S.p.A's shareholders, has elected to retain a minority ownership stake in TowerTel. The transaction is subject to customary regulatory approval. Sami Jebbour, Alan Mason, Fabrice Grillo, Marie Roche, Luigi Verga, Nicola Franceschina, Francesco Lombardo, Renato Paternollo, Gian Luca Zampa and Ermelinda Spinelli of Freshfields Bruckhaus Deringer LLP acted as legal advisors and Natixis North America LLC acted as a financial advisor to Phoenix Tower International LLC. Chiomenti Studio Legale acted as a legal advisor and Nomura Italia S.I.M. p.A. acted as a financial advisor to EI Towers S.p.A. Pietro Scarfone and Driss Bererhi of Allen & Overy acted as an advisor to Natixis and Unicredit as mandated lead arrangers for the debt portion of the acquisition. Chiomenti Studio Legale acted as a legal advisor to F2I. BofA Securities, Inc. acted as financial advisors to Phoenix Tower International LLC.