find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Webb Henderson powers Singapore telecoms deal

Webb Henderson powers Singapore telecoms deal

Webb Henderson has advised SingTel on the $1.89 billion sale of its assets, marking a critical milestone in the reform of Singapore's telecoms sector.SingTel sold its passive telecoms…

Webb Henderson has advised SingTel on the $1.89 billion sale of its assets, marking a critical milestone in the reform of Singapore's telecoms sector.

SingTel sold its passive telecoms infrastructure assets into a separate business trust under CityNet Infrastructure Management Pte Ltd (CityNet) to support the ongoing operation of Singapore's Next Generation National Broadband Network (NGNBN).

SingTel entered into conditional agreements to sell certain infrastructure assets, including ducts, manholes and exchange buildings that are critical to the operation of the NGNBN, to CityNet in its capacity as trustee-manager of NetLink Trust.

Webb Henderson lawyers Angus Henderson, Ara Margossian, Andrew Walsh, Ish Omar and Korolyn Rouhani-Arani advised on the commercial arrangements for SingTel's ongoing use of the transferred infrastructure, whilst Allen & Gledhill of Singapore advised on the corporate elements of the transaction.

As part of the transaction, the parties also made commercial arrangements for the use of those passive infrastructure assets by SingTel to support its existing copper and fibre services and OpenNet fibre services.

"The sale and leaseback arrangements that underpin this transaction will shift the industry to a full open access model for the delivery of super-fast broadband services in Singapore," said Webb Henderson partner Ara Margossian.

"This new model entails a high degree of interworking between each of the separate layers that comprise the NGNBN to ensure effective service delivery ... [it's] being watched closely in other markets currently planning or implementing similar reforms to the industry structure for telecommunications."

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Webb Henderson powers Singapore telecoms deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...