Osborne Clarke advises Vodafone on agreement to acquire Telekom Romania Mobile

International law firm Osborne Clarke has advised Vodafone Romania S.A. (“Vodafone”), a subsidiary of Vodafone Group, on the acquisition of Telekom Romania Mobile Communications S.A. (“TKRM”) from Hellenic Telecommunications Organization S.A. (“OTE”).

Vodafone will acquire TKRM and its post-paid customer base. As part of the transaction, Vodafone will also gain additional spectrum and towers, strengthening its position in the Romanian telecoms market. In parallel, Digi Romania S.A. has agreed to acquire TKRM’s pre-paid customer business.

The Osborne Clarke team was led by partner Mark Wesker, with support from Richard Porter, James Mackay, Hannah Maidment and John Annan (corporate); Hannah Drew, Matt Suter and Greg Barton (commercial); and James Meakin and Edward Aves (tax). Romanian law advice was provided by Țuca Zbârcea & Asociații.

“Advising Vodafone on this strategically significant transaction highlights both the pace of change in the European telecoms market and the strength of Vodafone’s ambition in Romania. It also showcases the breadth of Osborne Clarke’s cross-border M&A capability. This was a complex, multi-faceted deal and it was rewarding to see our team’s expertise across practice areas come together to support its progress.”

Mark Wesker, Partner at Osborne Clarke

Osborne Clarke has a large corporate practice, with over 250 corporate lawyers operating internationally.  In addition to this deal for Vodafone, Osborne Clarke recently advised comms business Focus on its $1 billion secondary PE deal with Hg Capital and 4Com on its merger with Daisy Group (which subsequently merged with Virgin Media/O2).