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Paul Hastings advises Eir on partnership with InfraVia to accelerate fibre-to-the-home roll-out across Ireland

February 03, 2022

London – Paul Hastings LLP, a leading global finance firm, has advised Eircom Limited (Eir), Ireland’s leading fixed broadband provider, on a new partnership with InfraVia Capital Partners (InfraVia) to create a dedicated fibre company focused on the deployment of fibre-to-the-home (“FTTH”) across the Republic of Ireland. The FTTH network will provide ultrafast speeds across Ireland, accelerating the country’s digital transformation. InfraVia will acquire a 49.99% interest in the entity, with Eir retaining the remaining 50.01%.

InfraVia will work collaboratively with Eir as a capital partner to accelerate their high-quality existing infrastructure base, creating a network with an open access model that provides an ultrafast service to all retail broadband operators in Ireland via Open Eir Networks.

This transaction is the latest in a series of major telecoms deals on which the Paul Hastings team has advised across Europe over the last year, including Eir’s sale of Emerald Tower Limited, which owns a portfolio of 815 telecoms towers in Ireland to Phoenix Tower International for €300 million, Providence Equity Partners investment in Marlink of approximately $1.4 billion, Hanwha Systems investment of $300 million in OneWeb, Salt Mobile on its sale of a 10% stake in Swiss Infra Services to Cellnex, and Monaco Telecom’s sale of a portfolio of 815 telecoms towers in Malta and Cyprus to Phoenix Tower International.

The Paul Hastings team was led by corporate partner Garrett Hayes, Mark Ward and Charles Carroll at A&L Goodbody provided Irish law advice to Eir and Connor Manning and Maeve Moran at Arthur Cox acted as legal advisors to InfraVia.

Dedicated to helping the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation.

Our unmatched client service has helped us become one of the legal profession’s most admired firms, known for a diverse and highly collaborative culture that delivers innovative solutions.

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