Charles Russell and Slaughters lead as Bahamas privatises telecoms operator
Charles Russell and Slaughter and May have taken lead roles on the $210m (£128.5m) privatisation of the Bahamas' national telecommunications operator. The deal, completed on 6 April, will see the Bahamas Government sell a 51% interest in the Bahamas Telecommunications Company (BTC) to a wholly-owned subsidiary of Cable and Wireless Communications (CWC).
April 21, 2011 at 03:21 AM
2 minute read
Charles Russell and Slaughter and May have taken lead roles on the $210m (£128.5m) privatisation of the Bahamas' national telecommunications operator.
The deal, completed on 6 April, will see the Bahamas Government sell a 51% interest in the Bahamas Telecommunications Company (BTC) to a wholly-owned subsidiary of Cable and Wireless Communications (CWC).
Charles Russell took the lead role for the Government with a team headed by corporate partner Mark Moncreiffe and real estate partner Michael Bennett.
CWC was advised by Slaughters with a team including corporate partner Andrew Jolly and pensions and employment partner Sandeep Maudgil.
Charles Russell, a longstanding adviser of the Bahamas Government, was originally instructed back in 2008 to advise on regulatory issues, liberalising the communications framework and creating a new regulatory body to oversee it.
Moncreiffe said: "It was a fascinating, multifaceted transaction that involved a lot of corporate and regulatory aspects. It was structured by way of an auction process. It was very much in the public domain in the Bahamas in view of the strategic importance of BTC to the country.
"We felt involved in more than just a transaction; it is of national importance to the Bahamas and we were honoured to be involved."
Charles Russell brought in Bahamas law firm Higgs & Johnson for local law advice while Slaughters worked alongside Lennox Paton.
The Bahamas Government was also advised by KPMG, Citigroup and Towers Watson.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllSkadden, White & Case Guide Citigroup Demerger in Mexico
Kirkland’s O’Shea Acts Alongside Former Outfit Simpson Thacher on KKR Deal
2 minute readBig Law Sidelined as Asian IPOs in New York Dominated by Small Cap Listings
Trending Stories
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250