Edotco plans $200m investment in Myanmar telecoms

Telecoms tower firm Edotco has officially launched in Myanmar, with the company to give its name to Ooredoo tower provider Myanmar Tower Company. A Yangon man sits in front of a billboard showing the logo of Qatari firm Ooredoo, Edotco’s main customer in Myanmar. Photo: EPAA Yangon man sits in front of a billboard showing […]

IGT raises $122m for telecoms tower building

Irrawaddy Green Towers (IGT) has borrowed US$122 million from a group of European development finance institutions to fund part of its rollout. The syndicated loan forms part of a $230 million IGT investment plan, although the firm’s total infrastructure investment is likely to be even higher, said a spokesperson at one of the lenders. Dutch […]

Yoma keeps stake in telecoms tower firm

Yoma Strategic Holdings has decided to hold on to its 25 percent stake in Myanmar Tower Company (MTC) owner Digicel Asian Holdings, announcing a partnership with majority shareholder and Axiata subsidiary Edotco Group on December 4 that gives Yoma the right to sell if it changes its mind. News of the agreement came in conjunction […]