Ascent Capital Investment
“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)
CDC Investment
“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)
Daiwa Securities Group Investment
Daiwa Securities Group will invest nearly 700 million yen ($6.26 million) in Myanmar internet service provider Frontiir with the hope of cashing in on abundant growth potential.
http://www.dpipartners.co.jp/english/news/pdf/20170628_e.pdf