Clifford Chance has advised the consortium lenders on the structuring and commitment for the financing for the over 1 billion euro acquisition of the 45% stake in Telefonica’s Spanish rural fiber-to-the-home network by the consortium formed by Vauban Infrastructure Partner and Crédit Agricole Assurances.
The newly created company Bluevia formed by telecom operator Telefónica and the referred new investors will connect 3.5 million households in rural Spain with the objective to reach 5 million homes in total by 2024 and offer wholesale FTTH access to all internet service providers.
The Clifford Chance crossborder team was co-led by Global Financial Markets Partners Daniel Zerbib (Paris) and Eugenio Fernández-Rico (Madrid). They were supported in France by Global Financial Markets Associate, Quentin Hervé and Corporate Counsel, Raphaël Durand, in Spain by Global Financial Markets Senior Associate, Ana Cano, Corporate Associates, Samuel Rosas and Beatriz Melo and in Luxembourg by Global Financial Markets Associate, Robert Kuhn.
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