The investment is driven by the fund’s belief that Internet access is an essential service which can improve lives, reduce inequalities and drive economic growth, especially in emerging markets such as Myanmar.
The Business Times (Singapore)
Lim Chong Chong, founder and managing partner of Ascent Capital, which manages the fund, said that the investment is driven by the fund’s belief that Internet access is an essential service which can improve lives, reduce inequalities and drive economic growth, especially in emerging markets such as Myanmar.
In particular, it believes that Frontiir will enjoy the tailwind of Covid-19, as the pandemic is changing Myanmar’s fundamentals in terms of how people live and work.
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