TPG Pursues Deal to Create Biggest Myanmar Tower Owner

TPG is pursuing a deal to create the biggest independent owner of telecom towers in Myanmar, people with knowledge of the matter said, as mobile-phone usage soars in one of the world’s fastest-growing economies. Apollo Towers Myanmar Ltd., which is backed by the U.S. private equity firm, is seeking to merge with rival Pan Asia […]

Myanmar’s mobile connectivity: Building from scratch

In 2011, only three percent of Myanmar’s 50 million populations had access to mobile phones. However, in the last five years, the country has witnessed unprecedented rise and growth in mobile usage. Since a democratically-elected government was installed in 2011, the country’s newest carriers have rapidly built infrastructure for connecting millions of new customers for […]

TPG Joins Ex-LightSquared CEO in Myanmar Telecom Tower Venture

TPG Capital and former LightSquared Inc. Chief Executive Officer Sanjiv Ahuja are teaming up on a telecommunications venture in Myanmar, the first foray by a big-name U.S. private-equity firm in the country since it emerged from military rule three years ago. The growth-equity unit of Fort Worth, Texas-based TPG invested about $40 million this month […]