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TPG Pursues Deal to Create Biggest Myanmar Tower Owner

TPG is pursuing a deal to create the biggest independent owner of telecom towers in Myanmar, people with knowledge of the matter said, as mobile-phone usage soars in one of the world’s fastest-growing economies. Apollo Towers Myanmar Ltd., which is backed by the U.S. private equity firm, is seeking to merge with rival Pan Asia […]

Myanmar Investments International NAV Rises On Positive Firm Results

Myanmar Investments International Ltd said on Friday its net asset value per share grew 7% after its existing joint ventures generated “positive” results. For the six months ended September 30, net asset value per share rose to 95.2 US cents from 89.0 US cents the year prior. This was after its joint ventures including telecom […]

Myanmar Investments Forms Joint Venture To Acquire Tourism Assets

LONDON (Alliance News) – Myanmar Investments International Ltd said Tuesday that it has formed a new joint venture to invest in tourism related assets in Myanmar. The investment company has formed a joint venture company, Myanmar Voyages Holding Co Ltd, with tourism entrepreneurs, U Thet Lwin Toh and Daw Lwin Lwin Kyaw. The joint venture […]

Myanmar Investment Full Year Net Asset Value Increases Over 20%

LONDON (Alliance News) – Myanmar Investments International Ltd said on Monday its full year net asset value increased 20.3% year-on-year to USD29.2 million as its loss widened due to costs relating to joint ventures and operating expenses. Myanmar Investment’s pretax loss widened to USD2.8 million in the financial year ended March 31 from USD2.2 million […]

Frontier Markets: Myanmar, Explosive GDP Growth

The reason I’m revisiting Myanmar is because recently the State Bank of India (SBIN), together with the Vietnam Bank for Investment and Development, Taiwan’s E SUN Commercial Bank (2884:TT), and South Korea’s Shinhan Bank, were all granted permits to operate in that country. Last year, the first round of permits were granted to ANZ Banking […]

Myanmar Investments To Raise Equity For Further Investments

LONDON (Alliance News) – Myanmar Investments International Ltd, which began trading on AIM in June 2013, said Monday it is in negotiations and evaluating investments in telecommunications infrastructure, IT services, equipment rental and education. The company also reaffirmed it will be looking to raise additional equity to fund further investments. Over the course of the […]