Index Partners Advises CREI on the Sale of Its TowerCo Portfolio to Frontier Tower Associates Philippines

  

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.

Secha Home Recognized Among Forbes India’s “200 Select Companies with Global Business Potential” – DGEMS 2024

  

SECHA Home, based in Indonesia, is recognized for its innovative approach to delivering fully customized, move-in ready homes with affordable mortgage plans. This milestone highlights its global growth potential.

Jakarta,17 December 2024 – SECHA Home, a proptech redefining the homeownership experience in Indonesia, is incredibly honored to announce its inclusion in this year’s Select 200 Companies with Global Business Potential – DGEMS 2024, recognized by Forbes India and D Globalist.

This remarkable achievement marks a significant milestone in SECHA Home’s journey to transform the real estate landscape. The company’s mission to deliver fully customized, move-in ready homes—by seamlessly integrating design, renovation, and furnishing—into an affordable mortgage plan has gained tremendous momentum, earning international recognition and acclaim.

“We are thrilled to be globally recognized for our efforts,” said Josephine Petra Lovensa, Co-Founder/CEO. “This milestone reaffirms our vision to redefine homeownership in Indonesia and inspire innovation on a global scale. We’re deeply grateful to Forbes India and D Globalist for this honor and to our amazing key backers—Antler, Bonbillo, and Startupbootcamp—for their unwavering support and belief in us since Day Zero.”

A Celebration of Innovation and eXtrepreneurship

The recognition ceremony in Delhi was a momentous occasion, bringing together trailblazing innovators and visionaries from across the globe. The team celebrated alongside fellow eXtrepreneurs, sharing ideas and drawing inspiration from industry leaders tackling global challenges.

Secha Home: Transforming Homeownership

By integrating the traditionally fragmented processes of design, renovation, and furnishing, SECHA Home simplifies and accelerates the path to homeownership. Their innovative, tech-enabled model empowers homeowners by providing a single, streamlined solution—all packaged within a single, affordable mortgage plan.

Backed by leading accelerators and investors, SECHA Home is poised to scale its impact beyond Indonesia, addressing global housing needs with a solution that’s efficient, customer-focused, and future-ready.

Qatar Marks National Day 2024: Celebrating Heritage, Vision, and International Partnership

Wazzup Pilipinas!?

The State of Qatar marked its National Day on December 18, 2024, commemorating the historic founding of the nation by Sheikh Jassim bin Mohammed bin Thani. In a heartfelt address, His Excellency Ambassador Ahmed Saad Al-Homidi extended sincere congratulations to His Highness Sheikh Tamim bin Hamad Al Thani, Amir of Qatar, His Highness the Father Amir Sheikh Hamad bin Khalifa Al Thani, and His Highness Sheikh Abdullah bin Hamad Al Thani, Deputy Amir of Qatar.

The 2024 celebration was marked by a prestigious diplomatic reception at Manila's Shangri- La Bonifacio Global City Hotel on December 12, 2024 attended by high-ranking Philippine officials including Foreign Affairs Secretary Enrique Manalo, Supreme Court Chief Justice Alexander Jesmundo, and Migrant Workers Secretary Hans Leo Cacdac, alongside numerous diplomatic corps members.

This year's National Day logo embodied profound symbolism, featuring multiple hands united in raising the Qatari flag – a powerful representation of national unity and pride. Drawing inspiration from Qatar National Vision 2023, the design emphasizes core values of inspiration, participation, innovation, and transparency, while showcasing the nation's commitment to its cultural identity.

Ambassador Al-Homidi highlighted Qatar's remarkable journey through generations, noting how the Qatari people have consistently risen to face challenges throughout their history. From the early days of pearl diving and shipbuilding to the present era of modern development, Qataris have demonstrated remarkable adaptability while maintaining their cultural roots. The Ambassador emphasized how the nation has flourished by empowering all segments of society to work and create, while maintaining strong ties to their national identity.

The celebration gained additional significance following His Highness Sheikh Tamim bin Hamad Al Thani's successful state visit to the Philippines in April 2024. This diplomatic milestone resulted in the signing of over 20 agreements and established new mechanisms for political, economic, and technical cooperation between the two nations.

Qatar's relationship with the Philippines has grown particularly meaningful, with the Gulf nation hosting more than 260,000 Filipino workers who contributed $895.33 million in remittances to the Philippines in 2022. The Ambassador acknowledged the vital role of the Filipino community in Qatar's development and progress.

In his remarks, Ambassador Al-Homidi elaborated on Qatar's current challenges and achievements, noting how urbanization has brought new opportunities for development. The nation has responded by investing heavily in human development while strengthening its national identity, using culture as a foundation for permanent resilience. Qataris have embraced innovation and initiative, successfully adapting to global challenges while developing their lifestyle across various fields.

The Ambassador emphasized Qatar's prominent position in Southeast Asia, highlighting the nation's commitment to international peace and security. Qatar's diplomatic approach emphasizes the resolution of international disputes through peaceful means, dialogue, and mutual respect, while adhering to principles of justice, fairness, and non-interference in other nations' internal affairs.

The ceremonies in Manila, attended by Jesus Domingo, Undersecretary of the Department of Foreign Affairs for Civil Security and Consular Affairs as guest of honor, reflected the strong bilateral ties between Qatar and the Philippines. In his address, Domingo praised Qatar's unique renaissance that successfully combines heritage with modernity, suggesting further cooperation in areas including economic development, tourism, sports, and climate change initiatives.

As Qatar celebrates this significant milestone, it continues to demonstrate how a nation can preserve its cultural heritage while embracing modern development and maintaining strong international partnerships. The National Day celebrations served as a powerful reminder of Qatar's journey from its traditional roots to its current position as a influential global player, all while maintaining the values and identity that make it unique.