CMS advising Macquarie on €218M telecommunications deal

CMS is advising Macquarie Capital on the purchase of fibre optic assets worth EUR 218.5 million from Grupo MasMovil

According to the firm, the advice given to Macquarie Capital, the investment arm of the Macquarie Group specialising in project development and construction in the infrastructure and energy sectors, has led to the purchase of assets forming part of a fibre optic network (worth EUR 218.5 million) from Grupo MasMovil (owner of brands such as MasMovil, Yoigo and Pepephone), as well as the creation of a Spanish subsidiary as a neutral wholesale operator in Spain, including the signing of a bitstream services agreement to the tune of an estimated EUR 320 million.

The team from CMS was led by partner Jorge Sánchez (pictured) and included Ignacio Zarzalejos (Partner), Carlos Peña (Partner), Diego de Miguel (Tax Partner), Carlos Vérgez (Competition Partner), Irene Miró (Corporate Senior Associate), Ricardo Héctor (Tax Senior Associate), Marta González Araña (Banking & Finance Senior Associate) and Aida Oviedo (Competition Senior Associate).