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Temasek-backed fund leads US$26m investment in Myanmar's ISP

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Ascent Capital founder Lim Chong Chong says the private equity scene in Myanmar is still nascent, and dealmaking can be a slow process.

Singapore

TEMASEK-backed Ascent Myanmar Growth Fund I (AMGF) on Wednesday announced that it will lead a US$26 million minority investment in Myanmar's leading Internet service provider, Frontiir, although it declined to name its other investors.

Lim Chong Chong, founder and...

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