Incorporated in 2014, Irrawaddy Green Towers (IGT), which has become the single largest independent operator of telecom towers in Myanmar with a nation-wide portfolio of towers shared by multiple operators, is, according to reports from Bloomberg and Deal Street Asia, for sale.

The report goes on saying that Luxembourg-based private-equity firm CVC Capital Partners, Chinese wireless infrastructure company Guodong Group, as well as Malaysia’s largest wireless operator Axiata Group Bhd.’s unit edotco Group Sdn. are among the shortlisted bidders. Binding bids, that experts say could value the company as much as USD 800 million, are due in the next few weeks, though there is no certainty the deal will actually happen.

IGT is owned by Singapore-based Irrawaddy Tower Asset Holding Pte. Ltd., itself backed by Alcazar Capital Ltd. in Dubai and Lebanon-based investment firm M1 Group, according to the website of Dutch development bank FMO, which counts Irrawaddy as a client.