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Business deals

Myanmar's Irrawaddy Green Towers stake sale looks imminent

Shortlist includes Malaysia's edotco Group and private equity funds, sources say

With strong adoption of mobile phones, Myanmar has seen a mushrooming of telecom towers, with the sector ripe for consolidation. (Photo by Yuichi Nitta)

SINGAPORE -- The sale of a stake in Myanmar-based telecom tower company Irrawaddy Green Towers has reached an advanced stage, with a deal likely to be sealed as soon as this month, three people with knowledge of the matter told DealStreetAsia.

The company has shortlisted three bidders, including two private equity funds and a strategic player, Malaysian telecoms infrastructure provider edotco Group, one of the people said.

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