07
Fri, May
69 New Articles

Linklaters Advises Orange on Establishment of FiberCo Joint Venture with APG

Linklaters Advises Orange on Establishment of FiberCo Joint Venture with APG

Poland
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

The Warsaw office of Linklaters has advised Orange Polska on its entrance into a joint venture with Dutch pension investment firm APG.

Orange Polska is a Warsaw-based provider of telecommunications services. The company is controlled by Orange S.A., a French telecommunication company that serves around 266 million customers worldwide and employs around 150,000 people globally.

Both Orange and APG own 50% of the stake in the new "FiberCo" joint venture, which is valued at EUR 605 million. According to Orange, “this joint venture aims to support the rollout of fiber in Poland, in areas where access to very high-speed broadband infrastructure is limited or inexistent.” FiberCo is expected to deploy additional 1.7 million fiber-to-the-home plugs for high-speed Internet throughout Poland.

According to Orange, as part of the transaction, Orange Polska will receive EUR 303 million from APG, with 65% transferred on closing and the rest transferred between 2022 and 2026 as the deployment plan advances.

The Linklaters team included Partner Marcin Schulz, among others. The firm did not reply to an inquiry about the deal.

Editor's note: After this article was published, Rymarz Zdort informed CEE Legal Matters that it advised APG on the deal. According to the firm, “the joint venture will operate under the name Swiatlowod Inwestycje.” The firm's team included Partners Marcin Chylinski, Iwona Her, Monika Kierepa, Robert Krasnodebski, Marek Maciag, and Filip Uzieblo, Counsels Agnieszka Koniewicz and Marek Kanczew, Senior Associates Antonina Falandysz-Ziecik and Marcin Plonka, and Associates Marta Rykalovska and Kacper Skowron.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue