MANILA, May 19, 2025 — Frontier Tower Associates Philippines Inc. (“Frontier”) is pleased to announce the successful completion of its acquisition of 100% of the shares held by CREI Management Services FZE (“CREI”) in PH1 Holding FZ-LLC, a UAE-based entity that serves as the parent company of Communication and Renewable Energy Infrastructure CREI Philippines Inc. (“CREIPhils Inc”). The purchase agreement was signed on December 3, 2024, following which approval from the Philippine Competition Commission was obtained.
This strategic acquisition reinforces Frontier’s market leadership in the Philippines by adding over 400 towers with a colocation ratio of 1.30x to its existing portfolio of ~5,000towers. The successful completion of this transaction represents an important milestone in Frontier’s ongoing efforts to expand its tower portfolio, enhance operations, and further strengthen its service offerings for telecom customers in the Philippines.
CREI will retain its presence and keep investing in the Philippines through its EsCo activities and affiliated EPC and O&M services, ensuring that it brings additional value to its local partners.
Index Partners and Global Gate Capital acted as financial advisors, and Jones Day, King and Spalding, and MVGS acted as legal counsel to CREI. Latham& Watkins and Sycip acted as legal counsel to Frontier.
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