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MANILA, Philippines — Global investment firm KKR is expanding its presence in the Philippines with an investment into the telecom sector.
KKR is investing in Pinnacle Towers Pte. Ltd. as part of efforts to build the leading independent telecom tower platform (TowerCo) in the country through Pinnacle’s principal subsidiary Frontier Tower Associates Philippines Inc.
Pinnacle specializes in building telecom tower projects, providing operators with capital-efficient infrastructure solutions to rapidly expand their coverage.
David Luboff, partner and head of Asia Pacific Infrastructure at KKR, said the telecommunications sector in the Philippines has grown rapidly in the past few years amid the increasing demand for connectivity.
“This has led to a resource imbalance and the need to expand existing infrastructure to allow operators to provide better service and coverage to their customers,” he said.
KKR is investing in Pinnacle Towers Pte. Ltd. as part of efforts to build the leading independent telecom tower platform (TowerCo) in the country through Pinnacle’s principal subsidiary Frontier Tower Associates Philippines Inc.
Pinnacle specializes in building telecom tower projects, providing operators with capital-efficient infrastructure solutions to rapidly expand their coverage.
David Luboff, partner and head of Asia Pacific Infrastructure at KKR, said the telecommunications sector in the Philippines has grown rapidly in the past few years amid the increasing demand for connectivity.
“This has led to a resource imbalance and the need to expand existing infrastructure to allow operators to provide better service and coverage to their customers,” he said.