Gibson Dunn & Crutcher LLP and Conyers Dill & Pearman advised on the deal
Seamless Industries Limited, a wholly-owned subsidiary of PCCW Limited finalized the sale of the shares it holds in Transvision Investments Limited to Hutchison 3G UK Limited pursuant to the terms of a share purchase agreement.
Transvision’s only material asset is its holding of the entire issued share capital of UK Broadband Limited. UK Broadband conducts a broadband business in the UK under the “Relish” brand which is delivered to its customers via UK Broadband’s fixed wireless networks. UK Broadband’s principal assets are its holding of certain licences for radio frequency spectrum, its wireless networks and related systems, and its customers.
According to informed sources, Gibson Dunn & Crutcher LLP advised with a team led by Graham Winter.
Conyers Dill & Pearman provided BVI law advice with Richard Hall (Picture).
Clients: PCCW Limited;