Bidders line up for Myanmar’s Irrawaddy Green Towers

HORTLISTED bidders for Myanmar telecoms tower company Irrawaddy Green Towers (IGT) include Axiata Group of Malaysia, Guodong Group of China, and global private equity firm CVC Capital Partners, local press in Myanmar have reported. IGT was set up in 2014, and is playing a major role in the development of the Myanmar telecoms market, via […]

Banks circle rare Myanmar buyout

SINGAPORE, June 19 (LPC) – The battle for control of Irrawaddy Green Towers could lead to a rare acquisition financing in Myanmar and the country’s largest-ever syndicated loan. International banks are discussing a US$300m-$400m loan with shortlisted bidders that include private equity firm CVC Capital Partners and edotco Group, a unit of Malaysia’s Axiata Group. […]

Myanmar Tower Co in talks for firm’s sale

Myanmar Tower Company (MTC), which is owned by Digical Asian Holdings, a joint venture between Digicel Group and YSH Finance, has been put up for sale, including all its contracts and sites, according to several market sources. Several companies have made an initial bid and are now carrying out the due diligence process on MTC, […]