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CVC buys Myanmar's Irrawaddy Green Towers for reported USD 700 million

2020-12-11 14:20:00| Telecompaper Headlines

(Telecompaper) Private equity firm CVC Capital has agreed to buy Myanmar telecom tower company Irrawaddy Green Towers for USD 700 million, Reuters reported, citing sources familiar with the matter. "With CVC as a future shareholder, the company is poised for further growth and success for the benefit of the people of Myanmar", Irrawaddy chairman Georges Makhoul said in a statement to Reuters. The statement did not provide any financial details about the deal.

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