Phoenix Tower International LLC acquired 621 towers of Colombia Telecomunicaciones S.A. ESP for €87 million on December 23, 2019. in a related transaction Phoenix Tower International LLC acquired 1,408 towers from Telefónica Ecuador for €202 million. Fernando Vives and Álvaro López-Jorrín of Garrigues acted as legal advisors to Telefónica, S.A. (BME:TEF), parent of Colombia Telecomunicaciones S.A. ESP. Phoenix Tower International LLC completed the acquisition of 621 towers of Colombia Telecomunicaciones S.A. ESP on December 23, 2019.