Pamboridis acts as head counsel and project legal leader in Hella Sat purchase negotiations

Pamboridis has acted as head counsel and project legal leader in the negotiations for the purchase of 99.05 per cent of Hellas Sat by Arabsat from the Greek Telecommunications Organisation.

The transaction was conducted through Arabsat Cyprus, a 100 per cent subsidiary of Arabsat.

Completion is expected by the second quarter of 2013 after all necessary procedures have been finalised and approved by the competent authorities.