KKR set aside $400 million to develop and acquire roughly 2,000 telecoms towers in the Philippines, as part of a number of deals struck by the US Department of Commerce under a bilateral trade pact.
In a statement, the US government stated the agreement builds on KKR’s investment in Pinnacle Towers, which it described as the largest independent tower operator in the Philippines.
KKR acquired a stake in Pinnacle Towers in 2020 to strengthen its position in the Southeast Asian country,
The fresh capital injection is designed to boost digital connectivity across the Philippines, and the government stated “KKR continues to be highly attracted to the dynamic Philippines market and looks to do more to support national infrastructure and development priorities”.
In 2023, the investment company bought 1,012 towers from PLDT through Philippines-based Frontier Tower. A year earlier, KKR-backed Frontier acquired 3,529 towers in a sale and leaseback deal with Globe Telecom, KKR is also among the financial backers of Filipino operator PLDT’s digital unit Voyager.
Under the trade pact designed to deepen the US-Philippines commercial ties, the government also listed investments and initiatives by companies including Google, Mastercard and Microsoft, the latter of which is working with the central bank of Philippines to promote AI deployments and digital upskilling.
The post KKR commits $400M to Philippines tower business appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip