KKR-backed Frontier Towers to buy 3,529 telco towers in Philippines from Globe for $810m

KKR-backed Frontier Towers to buy 3,529 telco towers in Philippines from Globe for $810m

Photo: David Arrowsmith/ Unsplash.com

Frontier Towers, the KKR-backed subsidiary of the telecom operator Pinnacle Tower, has agreed to pay 45 billion pesos ($810 million) to acquire 3,539 telecom towers from the Philippines-based telecom giant Globe, according to an announcement.