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Clifford Chance advises Tele2 Group on the merger of its Dutch business with Deutsche Telekom's Dutch business

10 January 2018

Clifford Chance advises Tele2 Group on the merger of its Dutch business with Deutsche Telekom's Dutch business

Clifford Chance advised Tele2 on its agreement with Deutsche Telekom to combine Tele2 Netherlands and T-Mobile Netherlands. Tele2 will hold a 25% share in the combined company and receive a cash payment of EUR 190 million upon closing. Based on current numbers, the company will have around 5 million mobile pre- and post-paid customers, combined revenues of around EUR 2 billion. The establishment of the combined company is subject to regulatory approval by the relevant competition authorities. The transaction is therefore expected to close in the second half of 2018.

The Clifford Chance team in Amsterdam was led by Joachim Fleury and Line Poliquin and furthermore consisted of Quirine van Maanen, Evert van der Kaa, Sebastiaan Witkam, Sophie Herweijer, Celine Vermeulen and Bart van Hattum, complemented by a combined Amsterdam/London antitrust team headed by Jenine Hulsmann and furthermore consisting of Frans Muller and Jurre Jurriens (Amsterdam), as well as Elie Yoo, Laila Wood, Brian Quinn (London), the IP/regulatory team consisting of Alvin Khodabaks, Jaap Tempelman, Andrei Mikes and Sanne Blankestijn, the employment team consisting of Floris van de Bult, Wijnanda Rutten and Willemijn de Wit, in addition to Liesbeth Buiter and Kiki Molewijk-Grooss for real estate, Michiel Sunderman and Pascal Borsjé for tax, Folko de Vries for finance and Serkan Özel for notarial advice.