Irrawaddy Green Towers
BIO has granted a USD 12 M loan to Irrawaddy Green Towers to build mobile communications infrastructure across Myanmar.
Amount
€ 11,179,644.00
Type of investment
Debt
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Access to basic services & goods
Beneficiary locations
Investment field
Infrastructure
Activity
BIO has granted a USD 12 M loan to Irrawaddy Green Towers (IGT) to build mobile communications infrastructure across Myanmar.
IGT builds and leases telecom tower to mobile phone operators. They use the towers to place their cellphone relays, which in turn increases mobile phone coverage in the country.
IGT is operated by Irrawaddy Towers Asset Holding Pte. Ltd (ITAH) in Singapore. ITAH/IGT is owned by Alcazar Capital Ltd. in Dubai and M1 Group from Lebanon. Alcazar Capital Ltd. is a private equity house and advisory firm with a focus among others on telecom infrastructure. M1 Group is an investment holding with international interests in telecommunications, real estate, aviation, fashion, retail, energy and financial asset management.
Development impacts
-
Local economic growth
Employment effects
292 staff
20-25 workers per site; 200 sites per monthImproved infrastructure for SMEs
Access to affordable mobile telecommunication -
Private sector consolidation/innovation
Know-how and technology transfer
Ambitious training objective to replace expats by local staff
Management transferred from SREI (India)with tower company know-howMarket structuring effects
Significant expansion of mobile telecom roll-out
While large cities have been connected, telecom towers are essential to serving rural areas where 70% of the population are living.
The population has access to mobile telecom at 3% of the costs charged by the current state-owned monopoly -
Access to basic services & goods
Market structuring effects
Significant expansion of mobile telecom roll-out
While large cities have been connected, telecom towers are essential to serving rural areas where 70% of the population are living.
The population has access to mobile telecom at 3% of the costs charged by the current state-owned monopoly.
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