Clifford Chance has advised network operator Rede Aberta, managed by Cube Infrastructure Managers, on a €50 million financing granted by Allianz Global Investors for the deployment of a fibre-to-the-home network in rural areas of Galicia. The network will provide the wholesale fibre-to-the-home services on an open-access basis, which aims at covering ca. 400,000 households.
This transaction marks a strong achievement for Rede Aberta to integrate Galician rural areas into the digital world by providing tools for network connectivity.
The Clifford Chance team was led in Spain by global financial markets partners Eduardo García and Epifanio Pérez, with the support of global financial markets associates James Rodier, Álvaro Cabaleiro and Amanda Tan. Senior counsel Roberto Grau advised on tax issues. They were supported by the Luxembourg team: Partner Marc Mehlen, together with associates Yolanda-Alma Ghita-Blujdescu, Hilda Bertamé and Kenza Yaici.