BUSINESS – Telenor invests in 700 new telecoms towers

Burma’s telecoms network will receive a boost when 700 newly-ordered mobile communications towers are rolled out across the country. Telenor Myanmar has purchased the units ­– which will allow ‘multi-tenancy’, or shared use with other companies – from Apollo Towers to improve mobile infrastructure. American companies Tillman Global Holdings LLC and Texas Pacific Group are the major backers of Apollo Towers.