19 November 2004 – LAWFUEL – Law, legal, law firm news – Allen & Overy has advised BT Telecommunications plc on its $965 million agreement to acquire California-based Infonet Services Corporation, one of the world’s leading providers of international managed voice and data network services.
The deal is subject to stockholder approval and regulatory clearances and is expected to close in the first half of 2005.
New York-based partner Eric Shube and London-based U.S. corporate partner Paul Burns led the Allen & Overy team together with UK Communications, Media and Technology partner Ian Ferguson. New York-based partner Henry Morgenbesser advised on employment and incentives aspects. They were assisted by U.S.-based associates Mark Robilotti, Sean Hayes and Marina Casani and London-based associates Bronwen Jones and Charles Farnsworth. The BT legal team was led by Nigel Paterson and Timothy Cowen.
Commenting, Eric Shube said: “This is the first major transaction for BT that Allen & Overy has led out of the New York office. This transaction is another key step in galvanizing BT’s role as a leading provider of IT and networking services to meet today’s increasingly complex communications needs. In turn, the ability to provide complex, cross-border transactional advice was essential.”
Paul Burns said: “It has been a pleasure to work with the BT team across the zones on this strategic U.S. transaction with global impact.”
For further information, please contact Jo Shepherd ([email protected]) in London on +44 (0)20 7330 2195 or on +44 (0)7771 896 290 or Katherine DePasquale ([email protected]) in New York on +1 646 344 6625.