KKR: BCI takes stake in Pinnacle Towers

Published: 2025-06-09 04:38:11 ET KKR

Published on 06/09/2025 at 04:38

British Columbia Investment (BCI) will acquire a minority stake in Pinnacle Towers from KKR, which will remain the majority shareholder.Pinnacle Towers was created to meet the growing demand for connectivity and telecommunications infrastructure in the Philippines. The platform specializes in executing customized telecommunications tower projects, optimizing the utilization and management of sale and leaseback (SLB) assets with leading mobile network operators, and providing ancillary management services to industry players. Within five years, Pinnacle Towers has become the largest independent tower company in the Philippines with approximately 7,000 towers.Projesh Banerjea, Managing Director of Infrastructure at KKR, said that since its initial investment, we have worked closely with Pinnacle Towers' exceptional management team to deepen the platform's capabilities and expand its footprint organically and through targeted acquisitions. We are delighted to welcome BCI, which shares our long-term vision and commitment to developing critical digital infrastructure, as strategic partners and look forward to building on Pinnacle Towers' strong growth momentum.Copyright (c) 2025 CercleFinance.com. All rights reserved.