Paul Hastings LLP is advising Monaco Telecom on its agreement with MTN to acquire the entire issued share capital of MTN Cyprus for net sale proceeds of €260 million. Lazard, led by Vincent Le Stradic, were financial advisor to Monaco Telecom; Goodwin Procter advised Monaco Telecom on financing; Dr. K. Chrysostomides & Co LLC were Cypriot counsel to Monaco Telecom. Freshfields Bruckhaus Deringer advised MTN. Akira acted as financial advisor to MTN.
MTN Cyprus is the fastest growing mobile and fixed operator in Cyprus with more than 400,000 customers and 2017 revenues of €123 million.
Monaco Telecom is majority owned by NJJ, the investment vehicle of Xavier Niel, one of France’s most prominent business leaders and an investor in telecommunications and technology ventures for 25 years.
Paul Hastings advised Monaco Telecom with Garrett Hayes (Picture), David Prowse, Sam Waite (M&A), Arun Birla, Hannah Gray (Tax), Sarah Pearce (Privacy), Pierre Kirch (Antitrust.
Goodwin Procter advised Monaco Telecom with Arnaud Fromion (Banking)
Dr. K. Chrysostomides & Co LLC were Cypriot counsel to Monaco Telecom.
Freshfields Bruckhaus Deringer LLP advised MTN with Bruce Embley and Aathmika Kularatnam.
Involved fees earner: Arnaud Fromion – Goodwin Procter; Garrett Hayes – Paul Hastings; David Prowse – Paul Hastings; Sam Waite – Paul Hastings; Arun Birla – Paul Hastings; Hannah Gray – Paul Hastings; Sarah Pearce – Paul Hastings; Pierre Kirch – Paul Hastings; Bruce Embley – Freshfields Bruckhaus Deringer LLP; Aathmika Kularatnam – Freshfields Bruckhaus Deringer LLP;