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Hawaiki advised on divestment of submarine cable
DLA Piper has advised Hawaiki on its divestment of 100 per cent of its interest in the Hawaiki Submarine Cable.
Jerome Doraisamy
Firm: DLA Piper (Hawaiki).
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Deal: Hawaiki has divested 100 per cent of its interest in the Hawaiki Submarine Cable to BW Digital Pte Ltd, with the current Hawaiki team continuing to manage the business.
The subsea cable, the firm said in a statement, has landing points in Equinix’s SY4 data centres in Alexandria, Sydney, at Mangawhai Heads on New Zealand’s North Island, American Samoa, Hawaii and in Pacific City, Oregon.
Value: Undisclosed.
Area: Corporate.
Key players: The firm’s team was led by partner Emma Kendall who was supported by senior associate Alexander Samson, partners Martin Wiseman, Mike Conradi and Mike Hazzard.
Deal significance: Speaking about the deal, Ms Kendall said: “DLA Piper is seeing a strong market internationally for alternative infrastructure assets. This very pleasing transaction for the Hawaiki sub-sea cable shows how well the market for data assets has weathered pandemic disruptions.
“Our international team of sub-sea cable and telecoms experts and transaction lawyers was delighted to partner with the Hawaiki team across five countries to deliver this deal.”
