HSF advises telco giant’s US$1.03bn infrastructure acquisition

The transaction forms Southeast Asia’s largest independent telco towers operator

HSF advises telco giant’s US$1.03bn infrastructure acquisition
Top law firm Herbert Smith Freehills has acted on a US$1.03bn acquisition of two Pakistan mobile towers businesses in a multinational deal involving firms from Dubai, the Netherlands, Egypt, and Malaysia.

The law firm announced Thursday it advised Axiata's infrastructure arm, edotco, on its purchase of the two businesses from Dubai-based Tower Share, and Deodar of Dutch firm Jazz. Axiata is a Malaysia-based telco giant with about 320 million subscribers across 10 countries.

"The acquisition of approximately 13,000 towers from Jazz will make edotco the largest independent telecommunications towers operator in Southeast Asia, a transaction that boosts Axiata and edotco's growth strategies,” said Mark Robinson, head of the firm's tech, media and telecoms (TMT) practice in Asia.

Robinson led the transaction and was assisted by TMT M&A senior associate Sheena Loi in Hong Kong and TMT M&A associate Mia Harrison-Kelf and Prolegis associate Sze Min Lim in Singapore.

Upon completion of the Deodar transaction, Deodar will enter into a 12-year master services agreement with Jazz, under which it will continue to provide tower services to Jazz. HSF expects the deal to be completed before the end of 2017.


Related stories:
Fostering innovation requires law firm cultures to become more collaborative
3 firms act on major electricity joint venture
 

Recent articles & video

UK family lawyers launch mental health resource for divorce clients

Bankruptcy attorney Jamie Sprayregen departs Kirkland & Ellis for Hilco Global

DLA Piper bolsters US-Africa practice with Kalidou Gadio as new co-chair

Lander & Rogers launches workplace law elective at QUT

CE Family Law's Louise Hunter had an Erin Brockovich for a grandma

WFW picks up win at 2024 Australian ADR Awards

Most Read Articles

Two Australian lawyers ascend to partner in major HFW promotions round

ALRC releases anti-discrimination, religious educational institution law recommendations

Three additions enhance G+T's partnership

G+T puts teams on M&A deals