Investments
1Latest Thein Htwe News
Sep 20, 2018
September 20, 2018 Singapore-headquartered Campana Group , a fixed line domestic and internet gateway data operator, has raised a $40 million Series B equity investment led by Tokyo-based Mitsui & Co , a global trading house, and existing individual investor Thein Htwe, the company announced in a release. The investment will play an important role in helping us continue our expansion into Myanmar, Thailand, and Singapore, said Dr. Myo Ohn, CEO, Campana. The financing will be used for the development of the SIGMAR submarine cable network, a 4-fiber pair that spans 2,200 km connecting Campana’s International Gateway (IGW) facility in Thanlyin, about 16 km south-east of Yangon, to Tuas in Singapore. Campana will then offer diverse fiber backhaul to Yangon and Singapore via open access points of presence (POPs,) creating a data center corridor between Singapore and Myanmar. “Branching units will be installed for both a future landing in Thailand and for sub-sea interconnection with cables coming from the West,” according to the release. Apart from the equity funding, Campana is also raising an additional debt facility of $40 million which is expected to be closed over the next four months, said a company spokesperson during an interaction with this portal. The company is in advanced talks with international lenders for a commercial debt facility. Prior to the latest financing, the group raised $20 million from two public companies from Thailand, Advanced Information Technology Public Co Ltd and Loxley Public Co Ltd, and one from Singapore. Campana has already completed the TARO fibre cable that operates a cross border terrestrial route from Yangon to Thailand via Htee Kee at Dawei, the south eastern city of Myanmar. In addition to SIGMAR, the proceeds will also be used to accelerate its growth in enterprise and cloud services. The investments will lead to the convergence of a submarine cable gateway, datacenter hub, connectivity, and cloud. “The continued need for ultra-broadband access is driving new projects in the Asia-Pacific region and contributing to the upward trend the submarine cable industry is experiencing. The SIGMAR project is a strong example of this,” said Dr Ohn. Campana announced the commercial availability of the International Gateway Service in Yangon in December 2017. Also Read:
Thein Htwe Investments
1 Investments
Thein Htwe has made 1 investments. Their latest investment was in Campana Group as part of their Series B on September 9, 2018.
Thein Htwe Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/20/2018 | Series B | Campana Group | $40M | Yes | 1 |
Date | 9/20/2018 |
|---|---|
Round | Series B |
Company | Campana Group |
Amount | $40M |
New? | Yes |
Co-Investors | |
Sources | 1 |
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