Frontiir demonstrated that ethical, fair, and sustainable business model can still lead to great success amidst huge challenges in an emerging country like Myanmar. Due to Frontiir’s ethical business practices and positive social impacts particularly on the poor, Frontiir was recipient of the first ever direct investment by the UK CDC in Mynamar.
As MIC registered international corporation that follows International Finance Corporation (IFC)’s Environmental and Social Performance Standards, and with Myanmar heritage, Frontiir is in a unique position to attract funding by global investors.
Frontiir has been highly profitable for the last four years due to increase in subscribers by 700%, resulting in becoming largest ISP in Myanmar.
Frontiir demonstrated that ethical, fair, and sustainable business model can still lead to great success amidst huge challenges in an emerging country like Myanmar. Due to Frontiir’s ethical business practices and positive social impacts particularly on the poor, Frontiir was recipient of the first ever direct investment by the UK CDC in Mynamar.
As MIC registered international corporation that follows International Finance Corporation (IFC)’s Environmental and Social Performance Standards, and with Myanmar heritage, Frontiir is in a unique position to attract funding by global investors.
Frontiir has been highly profitable for the last four years due to increase in subscribers by 700%, resulting in becoming largest ISP in Myanmar.
“By supporting Frontiir, a leading and trusted player in the TMT sector in Myanmar, we are furthering our commitment to make a positive impact in the country through investing in and building successful and sustainable businesses, and ensure communities can access affordable digital solutions.”
Mr. Lim Chong Chog (Founder and Managing Partner of Ascent Capital)
“At CDC, we firmly believe in the power of connectivity to help build the economic strength of communities and businesses. Frontiir’s expansion has been impressive, led by its experienced management – the team brings a great mix of commercial, innovative and social awareness to the table. CDC’s capital will help accelerate the business growth, helping it reach further remote regions.This is CDC’s first direct equity investment in Myanmar. We are delighted to be creating long term partnerships in a country where our capital will make a meaningful difference to people’s lives.”
Srini Nagarajan (Managing Director and Head of Asia)
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