Deals
Myanmar’s $800 Million Tower Sale Shortlists CVC, Guodong
- Binding bids for Irrawaddy Green Towers due in next few weeks
- Irrawaddy Green is the biggest telecom tower firm in Myanmar
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Private equity firm CVC Capital Partners and Chinese wireless infrastructure company Guodong Group are among shortlisted bidders for Myanmar’s biggest telecommunications tower company, in a deal worth as much as $800 million, according to people with knowledge of the matter.
Malaysia’s largest wireless operator Axiata Group Bhd.’s unit edotco Group Sdn. has also proceeded into the next round of bidding for Irrawaddy Green Towers Ltd., the people said. Binding bids are due in the next few weeks, said the people, asking not to be named as the information is private.