Irrawaddy Towers

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Irrawaddy Towers Asset Holding (“ITAH”) (incorporated in Singapore) is the owner of Irrawaddy Green Towers (“IGT” or the company) an independent telecommunications Tower Company headquartered in Yangon, Myanmar. IFC is seeking to place i) an equity investment of up to US$30 million, ii) debt investment of up to US$30 million from IFC’s own account; and (iii) mobilizing up to US$30 million of potential parallel financing to IGTIFC’s investment, through ITAH, will be used to partially finance IGT’s 4,939 telecom towers business plan as follows: (i) complete IGT’s capital expenditure program for the construction of 1,839 built-to-suit (BTS) towers; (ii) cover IGT’s capital expenditure program for the construction of 1,100 new BTS towers; and (iii) support a further order of up to 2,000 new BTS towers. As of November 18, 2015, there were 1,639 towers already built with an additional 1,300 under various stages of development/construction (site acquisition, site preparation, and construction). As an independent tower operator, towers are designed for multi-tenant usage, allowing the company to lease tower space to multiple mobile operators.