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GTB Deals of the Year 2009
14 December 2009
Global Telecoms Business reveals the top ten telecoms operator and vendor M&A deals of the year ordered by value.
Read more:
[M&A]
[acquisitions]
[merger]
[deals]
[2009]
The operator deals
10. Hutchison 3G Australia to Vodafone Australia Deal value: $3,112m
Completion date: 9 July 2009
Key personnel: Vittorio Colao, chief executive, Vodafone, Canning Fok, group managing director, Hutchison Whampoa, Nigel Dews, chief executive of Hutchison 3G Australia and Nick Read, chief executive of Vodafone Asia-Pacific & Middle East region.
Legal advisors:
To Vodafone – Corrs Chambers Westgarth and Clayton Utz
To Hutchison – Allens Arthur Robinson
Financial advisors:
To Vodafone – UBS
To Hutchison – Goldman Sachs JBWere
Deal detail: In February 2009, Hutchison and Vodafone agreed to merge their Australian telecom operations to form a 50:50 joint venture to be named VHA. VHA will market its services under the Vodafone brand and to equalise the value difference between the respective businesses, Vodafone will receive a deferred payment of A$500 million from VHA.
The transaction creates a stronger business that is better placed, with six million customers and revenues...
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