Dubai’s Blu Stone JV completes strategic Myanmar asset sale

Dubai-based Blu Stone Management and its joint venture partner M1 Group, a holding company that owns and manages investments across various sectors, have reached an agreement to sell its entity Irrawaddy Towers Asset Holding to CVC Capital Partners Asia V (CVC). Irrawaddy Towers owns a leading independent telecommunications tower company in Myanmar, Irrawaddy Green Towers […]

Myanmar’s $800 Million Tower Sale Shortlists CVC, Guodong

Private equity firm CVC Capital Partners and Chinese wireless infrastructure company Guodong Group are among shortlisted bidders for Myanmar’s biggest telecommunications tower company, in a deal worth as much as $800 million, according to people with knowledge of the matter. Malaysia’s largest wireless operator Axiata Group Bhd.’s unit edotco Group Sdn. has also proceeded into […]