Latham & Watkins Advises Eurona Wireless Telecom on Complex Financial and Corporate Restructuring
Latham & Watkins has advised Eurona Wireless Telecom, S.A. (EWT) on the restructuring of its debt and the modification of the group’s capital and corporate structure. The transaction includes an injection of liquidity, the refinancing of existing debt, and a corporate reorganization involving the introduction of a double-Luxco structure and the creation of a new perimeter below the EWT group. Under the reorganization, EWT’s satellite, Wifi, and Fixed Wireless businesses have been transferred to a newly created company, Global Satellite Technologies, S.L.