Why OPIC Invested US$250mn in Apollo Towers Myanmar
Why increasing access to technology is a key focus of the Overseas Private Investment Corporation
Apollo Towers Myanmar was introduced to Overseas Private Investment Corporation (OPIC) through its initial backers TPG and Tillman Global Holdings. With a purpose to build out towers in an emerging market, and with multinational operator Telenor as its key customer, Apollo had a good story that piqued the interest of OPIC. Further due diligence also uncovered many other details that financiers such as OPIC need and like to see. Read on to find out the challenges, opportunities, and success factors in securing debt financing – and fundraising in general for emerging markets telecom infrastructure.
In 2010, when Myanmar held historic elections that would end over 50 years of military rule, it was a country that had endured decades of isolation.