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.