Apollo Towers Myanmar receives a $250 million loan from USA – Overseas Private Investment Corporation (OPIC).
01 Jul

Apollo Towers Myanmar receives a $250 million loan from USA – Overseas Private Investment Corporation (OPIC).

Apollo Towers Myanmar has been rapidly improving the communications infrastructure in Myanmar. They are part of the Tillman Global Holdings Group USA. For Myanmar they are working with TPG Growth (USA) a private equity and venture capital firm and Myanmar Investments International Limited.

You may have seen our blog about communications in Myanmar. We detailed the rapid growth of clients “getting connected”, with better line quality and wider coverage across more areas. Network operators such as Telenor, Ooredoo and Myanmar Posts and Telecommunications are all growing fast, spurred on by the new and easier regulations for operators. They have supplied a growing customer base and offered lower SIM card costs and connection tariffs. It is not surprising that growth in user numbers has been huge.

Apollo Towers have been actively involved. Now the pace accelerates still faster. Reports indicate the group have already installed 1,800 communications antennae towers in Myanmar with press statements now stating 2000 more are scheduled.

There are a number of significant messages here, for example:

1) The Overseas Private Investment Corporation (OPIC), is the U.S. Government’s development finance institution, and “mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy”

2) Tillman Global Holdings (“TGH”) is a global leader in infrastructure development in developed and developing markets. Founded by Sanjiv Ahuja in 2013, TGH serves as a holding company for building leading businesses in several markets. TGH, its subsidiaries and its associated entities operate in 5 continents and across over two dozen countries.

These are significant levers giving still more signs of even faster growth for the economy in Myanmar.

We urge you to contact us now for a confidential discussion as to how your company can start in Myanmar, become established, obtain the necessary visas and permits, find permanent or interim contract staff, obtain incorporation conforming to Myanmar regulations and follow compliance guidelines. We also provide a wide range of corporate services, to work with you in Myanmar and advising you on policy and strategy.

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