Amid a global wave of consolidation in the telecoms sector four firms have emerged as advisers on the latest big deal – Hong Kong-based Fortune 500 giant Hutchison Whampoa’s proposed £10.25bn acquisition of O2.
It is understood that Herbert Smith Freehills (HSF) has scooped the mandate for the UK’s second-largest mobile unit O2, while Hutchison Whampoa has turned to Baker & McKenzie, Freshfields Bruckhaus Deringer and Linklaters.
The deal follows news last month that BT is looking to acquire acquire telecoms operator EE, a deal which now looks set to go through. Freshfields also has a role on that transaction, advising BT opposite for Clifford Chance and Norton Rose Fulbright for EE owners Deutsche Telekom and Orange.
Regulators are closely watching developments in the telecoms industry amid concerns that reducing the number of UK operators from four to three is a step too far. But the law firms involved will stay at the end of the phone, just in case.
Also on TheLawyer.com:
- Allen & Overy, Ashurst, Dillon Eustace and William Fry advise on the £680m acquisition of the Jurys Inn hotel chain
- KPMG general counsel Vanessa Sharp set to quit in May
- Eaglewood Europe hires former Paul Hastings associate Dipali Sahni as first general counsel
|Company – KPMG: Ireland: Companies Act 2014 conversions — decisions to be made|
|Intellectual property – Shoosmiths: Rihanna retains passing-off victory against Topshop|
|Litigation – 7KBW: Liability of registrar of companies in negligence|
|Privacy and reputation – Dentons: Five golden rules for accountability on privacy and cyber security|
|Competition – Wragge Lawrence Graham & Co: Lidl’s ‘Deluxe’ mark descriptive, says the General Court|