Filip & Company team assisted DIGI Spain Telecom S.L.U and RCS & RDS S.A. in relation to the conclusion of a spectrum transfer agreement from Xfera Móviles, S.A. (part of MasMovil Group in Spain) for the acquisition of an important package of spectrum licenses for the private use of the radioelectric public domain related to certain sets of blocks of frequencies in the 1,800 MHz, 2,100 MHz and 3,500 MHz bands. The value of the agreement was EUR 120 million, including a EUR 20 million conditional component.
In the same context, Digi Spain and Orange Espagne concluded on the same date an option agreement whereby the latter grants Digi Spain the option to enter in the future into a national roaming service agreement for the provision by Orange Espagne of mobile electronic communications services.
The transactions took place as Orange and MasMovil announced a major joint venture in Spain that would combine their operations in the country, subject to approval by the European Commission.
“It’s another very interesting chapter in Digi’s international expansion story. With the successful completion of this transaction, Digi will acquire spectrum resources which, together with the group’s other rights and contracts in Spain, will provide the basis for building its own mobile network in one of Europe’s largest countries. While this is a natural continuation of the group’s expansion into fixed and mobile operations in Europe, it is still very impressive to see a Romanian group competing on a level playing field in one of the continent’s largest and most competitive telecoms markets. We are delighted to have had the opportunity to work as a team again and thank them for their confidence”, said Alexandru Bîrsan, partner and head of M&A and Capital Markets department of Filip & Company.
The Filip & Company team that assisted RCS & RDS in this project consisted of Alexandru Bîrsan (partner), Andreea Bănică (senior associate) and Anca Bădescu (associate).
Filip & Company lawyers have played an important role in many of the landmark M&A transactions in Romania. Whether privatisations, private equity, venture capital or growth capital transactions or other complex M&A transactions, in most cases at least one of the parties was legally advised by Filip & Company. Moreover, the lawyers of Filip & Company, both as a team and individually, are ranked in the top tier of the most prestigious international legal directories – Chambers and Partners and Legal 500 – for their M&A practice.
