Monaco Telecom Acquires Vodafone Malta
London – Paul Hastings LLP, a leading global law firm, announced today that it is advising Monaco Telecom on its agreement with Vodafone Group to acquire Vodafone Malta for €250 million. The full company announcement can be found
The Paul Hastings team was led by London corporate partner
This is one of a series of major telecoms deals on which the Paul Hastings London corporate M&A team has advised NJJ-controlled companies in past five years. These included:
- NJJ’s €3.2 billion acquisition of eir, the leading Irish telecommunications company, and the associated co-investment arrangements entered into between NJJ, Iliad SA, Anchorage Capital, and Davidson Kemper;
Matterhorn Telecom’s sale of 90% ofSalt Mobile’s towers business to Cellnexfor €0.8 billion;
Monaco Telecom’s acquisition ofMTN Cyprusfor €260 million; and
NJJ’s €322 million acquisition of a majority stake in Monaco Telecom from Cable & Wireless Communications and the associated shareholder arrangements with the Principality of Monaco.
Lazard, led by Vincent Le Stradic and Pierre Cedric Ekombol, were financial advisers to Monaco Telecom; Goodwin Procter, led by Arnaud Fromion, advised Monaco Telecom on financing matters.
Monaco Telecom is the incumbent telecoms operator in the Principality of Monaco, offering a comprehensive range of fixed, TV and mobile services. The shareholders of Monaco Telecom are the Principality of Monaco and NJJ Telecom. NJJ Telecom has interests in telecoms operators in Europe in Cyprus, Ireland, Monaco and Switzerland.
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