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Announced

CVC Capital to acquire Irrawaddy Green Towers for $700m.

Financials

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Transaction Value£529m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Telecommunications Equipment

Majority

Cross Border

telecommunication infrastructure

Friendly

Private

Acquisition

telecom towers

Private Equity

Single Bidder

Malaysia

Pending

Synopsis

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CVC Capital, a private equity firm, agreed to acquire Irrawaddy Green Towers, a telecommunication tower infrastructure provider, for $700m. "We are proud of the work achieved together with the people of Myanmar, and under the leadership of CEO David Venn and his team. IGT is an industry pioneer that enables mobile services throughout the whole country. We look forward to continued progress and success, underlining the attractive fundamentals and strong growth of Myanmar's mobile communication sector," Jamal Ramadan, M1 Towers Director.

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