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 […]

NEC sets up base in Myanmar

Corporation is bringing its expertise in information and communications technology as well as social infrastructure to Myanmar with the opening of offices in Yangon in February and in Nay Pyi Taw. “There is tremendous growth potential in Myanmar and this is an opportune moment for NEC to contribute to the country’s IT needs,” Takayuki Morita, […]