CVC Capital, Guodong in race for Myanmar’s Irrawaddy Green Towers stake

CVC Capital, Guodong in race for Myanmar’s Irrawaddy Green Towers stake

Photo by Tony Stoddard on Unsplash

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter