Leading global law firm, Baker McKenzie, has advised digital infrastructure company, Colt Technology Services (Colt) on the entry into an exclusive arrangement for the proposed acquisition of Lumen Technologies' Europe, Middle East and Africa business for $1.8 billion.
The envisaged transaction is subject to customary conditions and will involve the divestiture by Lumen of its EMEA business, including its terrestrial and subsea networks, data centres and network equipment in the region to London-headquartered Colt. Upon completion, the transaction will extend Colt’s infrastructure to new geographic markets, boosting the services and capabilities it delivers to global enterprises and strategic partners.
The Baker McKenzie team was led by London Corporate Partner, Charles Whitefoord and also included Corporate Senior Associate Claire Guthrie and Corporate Associates Kata Szeidovitz, Jack Bliss and Lucy Wallace. London Technology & Telecoms Partner, Steve Holmes and associate Dan Relton led on the telecoms and commercial aspects of the transaction. The firm worked closely with the Colt legal team which was led by Caroline Griffin Pain and included Alex Galtieri, Nadine Ramasamy, Yan Arnaud, Rashi Narayan and Annarita Spena.
Commenting on the deal, Charles Whitefoord said: "It was a pleasure to support Colt on this complex and highly regulated transaction across multiple jurisdictions. We look forward to seeing the business continue to grow in the coming years."
Andrew Hart of BCLP led the team acting for Lumen Technologies. Carol Osborne of BCLP ran the commercial aspects of the transaction.
The envisaged transaction is subject to customary conditions and will involve the divestiture by Lumen of its EMEA business, including its terrestrial and subsea networks, data centres and network equipment in the region to London-headquartered Colt. Upon completion, the transaction will extend Colt’s infrastructure to new geographic markets, boosting the services and capabilities it delivers to global enterprises and strategic partners.
The Baker McKenzie team was led by London Corporate Partner, Charles Whitefoord and also included Corporate Senior Associate Claire Guthrie and Corporate Associates Kata Szeidovitz, Jack Bliss and Lucy Wallace. London Technology & Telecoms Partner, Steve Holmes and associate Dan Relton led on the telecoms and commercial aspects of the transaction. The firm worked closely with the Colt legal team which was led by Caroline Griffin Pain and included Alex Galtieri, Nadine Ramasamy, Yan Arnaud, Rashi Narayan and Annarita Spena.
Commenting on the deal, Charles Whitefoord said: "It was a pleasure to support Colt on this complex and highly regulated transaction across multiple jurisdictions. We look forward to seeing the business continue to grow in the coming years."
Andrew Hart of BCLP led the team acting for Lumen Technologies. Carol Osborne of BCLP ran the commercial aspects of the transaction.
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