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Business deals

CVC buys Myanmar's largest telecom tower company for $700m

PE fund to acquire Irrawaddy Green Towers in country's second biggest deal

Buddhist devotees take a selfie with a mobile phone at a pagoda in Yangon. Irrawaddy Green Towers serves all major mobile network operators in Myanmar.   © AP

SINGAPORE (Reuters) -- CVC Capital Partners has agreed to buy Myanmar's largest telecom tower company in a deal that sources said was valued at about $700 million and which marks the global buyout firm's first foray into the Southeast Asian country.

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