The British Columbia Investment Management Corporation ( BCI ) has acquired a minority stake in Pinnacle Towers, a Philippines-based digital infrastructure platform, marking a significant strategic move into Southeast Asia’s fast-evolving telecoms sector.

The deal, executed with global investment firm KKR, positions BCI alongside KKR, which retains its majority stake.

Pinnacle Towers, founded in 2020, has grown to become the largest independent tower operator in the Philippines, with approximately 7,000 towers. The platform specializes in build-to-suit and sale-and-leaseback models, vital strategies for telecom operators looking to scale connectivity efficiently in a high-growth mobile market.

“BCI’s investment is a strong endorsement of our mission,” says Patrick Tangney, Pinnacle Towers’ chairman and CEO. “With BCI and KKR as strategic partners, we are well-positioned to continue driving greater digital connectivity in the Philippines and across the region.”

With this move, BCI adds to its growing Asia-Pacific portfolio, which includes stakes in Japan’s Rakuten Mobile and India’s Altius and Cube Highways.

“The Philippines represents a compelling market for long-term capital,” adds Lincoln Webb, BCI’s executive vice-president. “We’re backing digital infrastructure with strong fundamentals, strong management and strategic relevance to national development.”

KKR, which invested in Pinnacle through its Asia Infrastructure Funds I and II, highlights the platform’s evolution through organic growth and strategic bolt-ons.