Latham & Watkins LLP has advised Unsere Grüne Glasfaser (UGG), a joint venture between Allianz and Telefónica Group, on its acquisition of Infrafibre Germany GmbH (IFG), including IFG’s two internet service providers, LEONET and Breitbandversorgung Deutschland (BBV), as well as Infrafibre Networks (IFN). This acquisition will strengthen the position of UGG as a provider of fiber optic infrastructure and accelerate the planned expansion of 2.2 million households with modern fiber optic technology. Completion of the transaction is subject to merger clearance and is expected by the end of this year.

The Latham team was led by Munich corporate partner Burc Hesse and Frankfurt infrastructure M&A partner Alexander “Stefan” Rieger with corporate associates Andreas Holzgreve, Manuel Schmutzler, Corinna Freudenmacher, Johannes Groß, Janina Kirschner, and Juan Garcia Jacobsen. Advice on restructuring matters was provided by Hamburg partner Frank Grell and counsel Daniel Splittgerber; on finance matters by Munich partner Christian Jahn and associate Philipp Guggeis; on tax matters by Hamburg partner Tobias Klass with associate Manuela Minsel; on antitrust matters by Frankfurt Max Hauser with associate Judith Jacop; on regulatory matters by counsel Joachim Grittmann; on data privacy matters by counsel Wolf-Tassilo Böhm and associate Clemens Ganz; on real estate matters by counsel Sven Nickel and on employment matters by Munich partner Dr. Tobias Leder with counsel Florian Dehmel and associate Christian Strauß.