Index Partners Guides CREI in TowerCo Sale (PR)
Index Partners is pleased to announce its role as financial advisor to CREI Management Services FZE (“CREI”) in the successful agreement to sell its Philippine tower portfolio to Frontier Tower Associates Philippines Inc. (“Frontier”), a Towerco operator backed by KKR.
The transaction involves the sale of 100% shares in PH1 Holding FZ-LLC, the UAE-based parent company of Communication and Renewable Energy Infrastructure CREI Phils Inc., adding over 400 telecom towers with a colocation ratio of 1.25x to Frontier’s network of nearly 5,000 towers. This strategic divestment represents a significant milestone in CREI’s broader vision to drive sustainable energy and connectivity solutions across Asia and Africa.
This transaction highlights Index Partners’ capabilities in advising complex, high-value deals within the digital infrastructure sector in Southeast Asia, and its commitment in advancing connectivity and empowering businesses to scale through strategic, innovative transactions in the digital space.
Index Partners, together with Global Gate Capital, are the exclusive financial advisors to CREI on the transaction. Legal counsel for CREI was provided by Jones Day, King & Spalding, and MVGS.
About CREI
CREI is part of “Two Thirty Three Holdings SA” Group, a global telecom and energy services group. CREI is a UAE established asset management company holding through its subsidiaries a portfolio of telecom towers and renewable power assets across Africa and Asia. Its main activities entail providing sustainable energy and connectivity to Mobile Network Operators (MNOs) and rural communities across developing countries. CREI capitalizes on the expertise and synergies created throughout its group of affiliated companies to provide a full service to Operators and deliver efficient solutions that are integrated along the value chain. Through managing a portfolio of Telecom ESCO, TowerCo, and Network as a Service (NaaS) projects, CREI delivers agile solutions to all its stakeholders including the MNOs, addressing specific social and environmental needs to achieve lasting positive impact, decreasing the carbon footprint while improving the operator’s network performance and reach.
About Frontier
Frontier is a subsidiary of Pinnacle. Pinnacle invests in, builds and operates telecommunications infrastructure with a focus on towers and related assets. Pinnacle is an Asia-focused digital infrastructure platform with a strong focus on the rapidly growing Philippines market. Frontier’s leadership team includes founders of a number of highly successful tower companies and former C-level executives from some of the world’s leading wireless operators. Pinnacle is backed by leading global investment firm KKR.
About Index Partners
Index Partners is a corporate finance advisory boutique specializing in mid-market transactions across Southeast Asia, the Middle East, and Africa, having presence in Hong Kong, London, Ho Chi Minh City and Manila. With a proven track record in telecommunications, healthcare, consumer and retail sectors, Index Partners delivers tailor-made advisory services that unlock value and drive impactful outcomes.
From Vritimes