Deals
CVC Is Said to Near Myanmar’s Second-Biggest Deal Ever
- Irrawaddy Green Towers could fetch close to $700 million
- Malaysia’s Axiata and China’s Guodong were also in the race
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Private equity firm CVC Capital Partners is nearing an agreement to buy Myanmar’s biggest telecommunications tower company for close to $700 million, according to people with knowledge of the matter.
The buyout firm could sign a deal to acquire Irrawaddy Green Towers Ltd. as soon as next week, said the people, who asked not to be named as the information is confidential. CVC is talking to bankers to secure financing for the deal, the people said.