Why OPIC Invested US$250mn in Apollo Towers Myanmar

Why increasing access to technology is a key focus of the Overseas Private Investment Corporation

Read this article to learn:

  • What is OPIC and what are its mandates
  • OPIC requirements for project financing
  • What attracted OPIC to invest in Apollo
  • What issues and risks were identified by OPIC

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…

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