New York — February 14, 2007 – LAWFUEL – Legal News, Law Jobs – Chadbourne & Parke LLP represented Golden Telecom, Inc., a leading facilities-based provider of integrated telecommunications and Internet services in Russia and the Commonwealth of Independent States, in the acquisition of a 65% interest in Fortland Limited.
The purchase price of the acquisition is approximately $51 million, with the first installment of $38.6 million to be paid by April 5, 2007. The deal closed on February 8.
Fortland owns 100% of Kolangon-Optim LLC, which holds licenses to offer digital television services in several of the largest cities of Russia and is expected to target other major Russian cities. These licenses will be used by the Company to provide customers with various services, including a greater number of digital television channels, higher quality picture and access to pay-per-view programming, all using the Digital Video Broadcast (“DVB”) standard in MPEG-4 coding.
Working for Chadbourne on the deal were Moscow partners Laura Brank and Konstantin Konstantinov and New York partner William Greason.
About Chadbourne & Parke LLP
Chadbourne & Parke LLP, an international law firm headquartered in New York City, provides a full range of legal services, including mergers and acquisitions, securities, project finance, private funds, corporate finance, energy, communications and technology, commercial and products liability litigation, securities litigation and regulatory enforcement, special investigations and litigation, intellectual property, antitrust, domestic and international tax, insurance and reinsurance, environmental, real estate, bankruptcy and financial restructuring, employment law and ERISA, trusts and estates and government contract matters. Major geographical areas of concentration include Central and Eastern Europe, Russia and the CIS, and Latin America. The Firm has offices in New York, Washington, DC, Los Angeles, Houston, Moscow, St. Petersburg, Warsaw (through a Polish partnership), Kyiv, Almaty, Tashkent, Beijing, and a multinational partnership, Chadbourne & Parke, in London. For additional information, visit www.chadbourne.com.