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DLA Piper has advised Hawaiki on its divestment of 100 per cent of its interest in the Hawaiki Submarine Cable.
Firm: DLA Piper (Hawaiki).
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.”
