Irrawaddy Green Towers

Debt : December 2015 - December 2023

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

Asia: Myanmar

Investment field

Infrastructure

Activity

J61.20 Wireless telecommunications activities

Organisation

Irrawaddy Green Towers

Website

https://igt.com.mm/

Domicile

Myanmar

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 month

Improved 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-how

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
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.