Bucharest law firm Lina & Guia has secured a place alongside Freshfields Bruckhaus Deringer and Norton Rose on a €207m Greece-to-Romania telecoms purchase.

 

The transaction saw Greek company Cosmote Mobile Telecommunications, a division of Hellenic Telecommunications, agree to purchase Romanian counterpart Telemobil. The asking price was €207m, of which €146m was for debt and other liabilities. Telemobil was previously owned by Middle East group Saudi Oger.

 

The takeover of Telemobil is part of a push by Cosmote to expand its business outside of its Greek base. The transaction is subject to approval by the local authorities.

 

Four-partner Romanian firm Lina & Guia won the local law mandate for Cosmote. Managing partner Cristian Lina was the lead lawyer. Freshfields provided international advise while Norton Rose acted for the seller.