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Business deals

KKR invests in Philippine telecom tower builder

US fund bets on a sector under pressure from Duterte to improve services

Two women use their mobile phones in Manila. President Duterte wants mobile carriers to improve services.    © Reuters

MANILA--Investment fund KKR has put money into a company building telecom towers in the Philippines, scenting opportunity in a sector that has faced pressure from President Rodrigo Duterte to improve services.

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