Private equity firm KKR invests $400m in Philippine telecoms tower operations and expansion.
Private equity firm KKR & Co is investing $400 million into telecoms tower operations and expansion in the Philippines, as part of a $1 billion investment announced during a historic trade mission led by U.S. Commerce Secretary Gina Raimondo. The investment will support the development and acquisition of approximately 2,000 telecoms towers to enhance digital connectivity across the Philippines. The investment follows KKR's 2022 acquisition of 3,529 telecoms towers in a sale and leaseback deal with Globe Telecom Inc.
March 13, 2024
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