Singapore Myanmar Investco Limited - Annual Report 2016 - page 8

Our Business and Strategies
INFRASTRUCTURE (TELECOM TOWERS)
Build out underway
SMI’s subsidiary Myanmar Infrastructure Group Pte. Ltd.
(“MIG”) and its subsidiary TPR Myanmar Limited (“TPR”)
have secured a USD 50 million contract to build 503
telecom towers for Ooredoo Myanmar Limited
An experienced management team is in place
Construction has started in July 2015 and build out has
reached almost 100 towers to date
A new rollout plan has been developed taking into
account Ooredoo’s revised priorities and discussions have
continued with other Mobile Network Operators for co-
lease up and Build-to-Suit opportunities
The country’s demand for towers is high; 5,000 to 6,000
completed towers; 15,000 to 20,000 towers still needed
Fourth Mobile Network Operator has been confirmed
singapore MYANMAR INVESTCO limited | Annual Report 2016
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