Holland & Knight advised Telefónica, S.A. in connection with a long-term deal with AT&T in Mexico.
The deal will allow Telefónica to use AT&T’s wireless “last-mile” equipment – the final link of telecom networks that includes towers, antennas and fiber-optic cables – to deliver service to consumers.
While keeping its own core network and associated systems, Telefónica will continue to provide mobile services to its business and end customers throughout Mexico by means of AT&T’s existing and future wireless infrastructure. Telefonica’s customers will also benefit from future technologies, including 5G, when it is deployed by AT&T. After a three-year transition period, Telefónica will realize savings in the amount of $254 million dollars per year.
Telefónica S.A. provides telecommunications services mainly to countries in Europe and Latin America. The Company offers fixed-line and mobile telephone, Internet, and data transmission services to residential and corporate customers.
AT&T Inc., a communications holding company, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing through its subsidiaries and affiliates.
Holland & Knight provided legal, regulatory and antitrust advice to Telefónica on the transaction with a team led by Mexico City-based Partner Luis Rubio Barnetche (Picture) and included Partner Octavio Lecona and Senior Counsel Blanca Luévano. They were assisted by Partners Emma Solaun, Lance Myers and Marisa Marinelli.
Involved fees earner: Octavio Lecona – Holland & Knight; Blanca Luévano – Holland & Knight; Marisa Marinelli – Holland & Knight; Lance Myers – Holland & Knight; Luis Rubio Barnetche – Holland & Knight; Emma Solaun – Holland & Knight;
Law Firms: Holland & Knight;