KKR invests in Philippine telco tower builder Pinnacle Towers

KKR invests in Philippine telco tower builder Pinnacle Towers

Photo by Tony Stoddard on Unsplash

Private equity giant KKR & Co has made its second infrastructure investment in the Philippines with the acquisition of an undisclosed stake in Pinnacle Towers, a telecommunications builder and operator that seeks to build telco towers in the country.

In a statement, KKR said it made the investment in Pinnacle Towers through its infrastructure fund, marking its fourth overall investment in the Philippines market. Financial details of the investment were not disclosed.

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