IFC to Invest USD 60 mln in IGT’s Tower Rollout in Myanmar

telecompaper.com, May 20,’16

The International Finance Corporation plans to invest in Myanmar telecoms infrastructure firm Irrawaddy Green Towers. The investment will be operated through IGT’s Singapore-incorporated owner Irrawaddy Towers Asset Holding (ITAH). According to the IFC project description, the planned investment would include two injections of up to USD 30 million for equity and debt. The organisation has also included a potential plan to activate up to USD 30 million in parallel senior debt financing. IGT currently operates more than 2000 towers in Myanmar and aims to deploy 3,000 more by 2018.

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