Allen & Overy has advised Jasmine Broadband Internet Infrastructure Fund on its rights offering of new investment units worth THB22,500,000,000 and on a THB18,160,000,000 loan facility from Bangkok Bank to acquire optical fibre cables of 700,000 core kilometres from TTT Broadband Public Company Limited.
The fibres comprise of 15,643 routes, covering a distance of 57,580 kilometres in 925 districts of 77 Thai provinces. The deal was closed on 20 November 2019.
Jasmine Broadband Internet Infrastructure Fund (JASIF) is an infrastructure fund managed by BBL Asset Management Company Limited (BBLAM) and listed on the Stock Exchange of Thailand.
The A&O team on the deal was led by Bangkok-based partner Suparerk Auychai (Picture) and Bangkok-based counsel Anchalee Limviriyalers, with support from senior associate Peerajit Chanmolee and associates Natthicha Wiriyatornphan and Pichaya Ruamsub.
Involved fees earner: Suparerk Auychai – Allen & Overy; Peerajit Chanmolee – Allen & Overy; Anchalee Limviriyalers – Allen & Overy; Pichaya Ruamsub – Allen & Overy; Natthicha Wiriyatornphan – Allen & Overy;
Law Firms: Allen & Overy;