Ooredoo signs build-and-lease deal with Singapore Windsor

18 May 2015

Singapore Windsor’s Myanmar division has secured a build-and-lease contract for 500 towers from Ooredoo Myanmar, Deal Street Asia writes, citing a stock exchange filing. Based on the cost of construction, the deal was valued at USD39 million over the 18-month rollout period, with the contract due to come into effect from 1 July this year. Singapore Windsor will lease and manage the 500 towers for a 15-year period, extendable for a further three terms of five years. The passive infrastructure firm noted, however, that the towers are designed and configured to allow for rentals to other mobile network operators.

Myanmar, Ooredoo Myanmar