Apollo prove the bankability of the tower+power business model
One of Myanmar’s two largest towercos secures US$280mn in debt and equity. Proven power service helps secure a further PO for 717 towers from Telenor
Apollo Towers Myanmar has been contracted by Telenor to build a total of 1,827 towers to date, of which at time of writing (early August 2015) 1,100 had been lit. With a full service tower+power proposition, Apollo is building fast and is positioning itself secure co-locations and become one of Myanmar’s two largest towercos. TowerXchange spoke with Apollo CEO Philippe Luxcey, a 20 year mobile veteran who had previously served as CEO of Orange in Uganda and Cameroon, and Corporate Finance Manager, Henry Butler, who had recently helped secure substantial new debt and equity for the towerco.