Telecom Italia will sell its German subsidiary HanseNet to the Spanish company Telefónica. The two telecommunications companies agreed on a term sheet for this sale. It is intended to close the transaction in early 2010.
Under the "Alice" trade mark, HanseNet is one of the major providers of DSL internet connections in Germany with 2.3 million customers.
A Linklaters team led by Peter Erbacher (corporate/M&A, Frankfurt) advises Telecom Italia on the transaction.
The team also includes Bettina Klüwer, Ann-Catherine Hoffmann, Mario Pofahl, Franziska Edler (all corporate/M&A, Frankfurt), Michael Ehret (tax, Frankfurt), Daniel Pauly (IT, Frankfurt), Matthew Devey (employment, Frankfurt), Daniel von Brevern (competition/antitrust, Düsseldorf), Jens Matthes (IP, Düsseldorf).
Telecom Italia is also advised by its in-house lawyers Dionisio Dima and Esther Baronti (both Rome).
For further information please contact:
Jörg Overbeck +49 211 22977 - 821
joerg.overbeck@linklaters.com
Daniel Reitz +49 211 22977 - 344
daniel.reitz@linklaters.com
