Overseas Private Investment Corporation to Disburse $250 Million Investment in Telecom Tower Infrastructure Project

NEW YORK & SAN FRANCISCO & WASHINGTON & YANGON, Myanmar–(BUSINESS WIRE)–The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that it has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar Limited, based in Yangon. The disbursement marks OPIC’s first financing in the country as well […]

Apollo Towers awarded 700 new telecom towers from Telenor

YANGON, Myanmar – Apollo Towers Myanmar Ltd. announces that it has signed a new purchase order of more than 700 new telecom towers with Telenor Myanmar Ltd. The appointment of Apollo Towers Myanmar supports Telenor’s plan of continuing its rapid roll out of a modern mobile communications network in the country. Telenor Myanmar is eager […]

Who’s building the towers?

A look at the who’s who in the construction of Myanmar’s telecoms infrastructure, and the joint venture alignments that have formed. Apollo Towers Engaged in construction, management and leasing of telecoms infrastructure to Myanmar operators, Apollo Towers has signed an agreement with Telenor to build 1001 towers. The Singapore company is chaired by former Orange […]

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 […]