Funding round
Phoenix Tower International Growth
Reported as "Growth Equity"
Phoenix Tower International, which works in wireless infrastructure ownership and operation in Boca Raton, raised $6.50B in a Growth round announced on 31 Aug 2026.
$6.50B
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Phoenix Tower International did not disclose a valuation in this round. It is Phoenix Tower International's first venture round on record, 13 years after it was founded in 2013. No later venture round is on record for Phoenix Tower International.
Phoenix Tower International's funding rounds
This is the only venture round on record for Phoenix Tower International.
- Debt not a venture round 3 Oct 2018, led by Scotiabank $485M
- Debt not a venture round 28 May 2024, led by ING $1.30B
- Growth this round 31 Aug 2026 $6.50B
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, acquisitions and working capital.
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
5 Growth rounds in Telecommunications within a year either side disclosed an amount; the median was $150M, and this round was 43 times the median. The closest in time, other companies' Growth rounds in Telecommunications:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Telecommunications | 1 Sep 2026 | $300M | not disclosed | Africa Finance Corporation and Vision International Investment Company |
| Telecommunications | 30 Sep 2026 | $114M | not disclosed | Aspirity Partners |
| Telecommunications | 20 Jul 2026 | $50M | not disclosed | not named |
| Telecommunications | 17 Sep 2026 | undisclosed | not disclosed | not named |
| Wireless Logic Telecommunications | 3 Nov 2025 | $2.30B | not disclosed | not named |
| Telecommunications | 13 Nov 2025 | $150M | not disclosed | not named |
| Telecommunications | 15 Nov 2025 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Phoenix Tower International raise in its Growth round?
Phoenix Tower International raised $6.50B in its Growth round, announced in Aug 2026.
What was Phoenix Tower International's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Telecommunications?
5 Growth rounds in Telecommunications within a year either side disclosed an amount; the median was $150M, and this round was 43 times the median.