May 21, 2015

Apollo Towers Myanmar Ltd Continues to Strengthen its Leadership Position

Apollo Towers Myanmar Ltd. announces that it has signed a new purchase order of more than 700 new telecom towers with Telenor Myanmar Ltd.

“We are pleased to continue working with Apollo Towers as we are entering this exciting phase of massive network roll out in Myanmar”
The appointment of Apollo Towers Myanmar supports Telenor’s plan of continuing its rapid roll out of a modern mobile communications network in the country. Telenor Myanmar is eager to deliver affordable and accessible mobile-communications services to people throughout Myanmar.

The ongoing partnership between Telenor Myanmar and Apollo Towers Myanmar provides the platform for multi-tenancy on towers in order to accelerate the development of efficient and cost-effective shared mobile telecommunications infrastructure in Myanmar. As part of Telenor Myanmar’s commitment to contribute to the local economy, Apollo Towers Myanmar is working with a number of Myanmar-based companies in the infrastructure build-out across the country, providing opportunities for local businesses and promoting a more vibrant business environment in Myanmar.

“We are pleased to continue working with Apollo Towers as we are entering this exciting phase of massive network roll out in Myanmar” said Petter Furberg, Chief Executive Officer, Telenor Myanmar. “Telenor is here for the long run and we are committed to fulfilling our promise to support the modernization of Myanmar’s telecommunications sector. Building a widely available telecom infrastructure is vital for innovation in other key industries, and will drive the country’s socioeconomic development.”

“We are delighted to participate in the transformation of the telecommunications landscape in Myanmar and that Telenor Myanmar has renewed its confidence in Apollo Myanmar. We appreciate the challenges and the opportunities it presents and are committed to providing world-class infrastructure on time for Telenor,” said Philippe Luxcey, CEO, Apollo Towers.

About Apollo Towers Myanmar Ltd.

Apollo Towers Myanmar Ltd., chaired by telecom industry trailblazer Sanjiv Ahuja, provides telecom tower infrastructure. It offers construction, management and leasing of telecommunications tower infrastructure to mobile operators in Myanmar. It also provides shared telecom infrastructure. The company acquires, builds, owns, operates, and manages towers and related infrastructure for wireless telecommunications service providers. The company is based in Yangon, Myanmar. Tillman Global Holdings LLC and Texas Pacific Group (TPG) are major shareholders of Apollo Towers Myanmar Ltd.

About Telenor Myanmar Ltd and Telenor Group

Telenor Myanmar Ltd is a fully-owned subsidiary of Telenor Group and delivers mobile voice and internet services to more than 6.4 million customers in Myanmar (1Q15). Headquartered in Norway, Telenor Group has more than 155 years of telecom experience built on combining global telecoms expertise with regional knowledge transfer and local market insight to create value for different segments. Telenor Group is today one of the world's major mobile operators with more than 160 million subscribers, and mobile operations in 12 markets in the Nordic region, Central and Eastern Europe, and in Asia.

Source: Business Wire