Private equity firm KKR based in the United States has bared its investment in Pinnacle Towers Pte. Pinnacle entered the common tower market through its subsidiary Frontier Tower Associates Philippines Inc. (FTAP), which secured a go signal from the Department of Information and Communication Technology (DICT) to operate as an independent tower company (ITC). “Our investment in Pinnacle reiterates our commitment to addressing this need and supporting the Philippines’ transition to a connected, digital nation. This marked KKR’s second infrastructure investment in the country. The certificate, it noted, serves as the provisional authority to own, construct manage, and operate one or more passive telecommunications towers infrastructure.

Source: Manila Times November 03, 2020 16:21 UTC