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Globals seal $2bn telco deal

Allen & Overy and Norton Rose Fulbright have acted on one of the largest telecommunications M&A transactions in recent history.

May 22, 2015 By Digital
Michael Reede
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Firms: Allen & Overy (Crown Castle International Corporation); Norton Rose Fulbright (MIRA Consortium).

Deal: The sale of Crown Castle Australia Holdings Pty Limited (CCA), the Australian subsidiary of NYSE-listed Crown Castle International Corporation (CCI), to a consortium comprised of Macquarie Infrastructure and Real Assets (MIRA), UBS International Infrastructure Fund II and UniSuper (MIRA Consortium).

Value: About $A2billion

Area: M&A

Key players: The A&O team was led by corporate partner Michael Reede (pictured). He was supported by banking & finance partner Jason Huinink, senior associates Connell O'Neill and Christina Barnsley, lawyers Daniel Harris and Keara Stretton and tax counsel Ka Sen Wong.

The NRF team was led by corporate partners Adrian Ahern and Nigel Deed.

Deal significance: CCI is one of the two major communications tower operators in the United States. CCI established Crown Castle Australia Holdings Pty Limited in 2000 and acquired tower portfolios from Optus and Vodafone. CCA has continued to acquire large and small tower portfolios over the past 15 years and is now the largest independent tower company in Australia.

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