DLA Piper advises BTG Pactual on the acquisition of Globenet Submarine Cable Network
DLA Piper today announces that it has advised an infrastructure investment fund managed by BTG Pactual, the Brazilian investment bank, asset manager and wealth manager, on the central "take or pay" contract that is part of the acquisition by BTG Pactual of the Globenet submarine cable network from Brazilian telecoms operator Oi. The acquisition is valued at over US$ 750m, and is one of the largest ever submarine cable acquisitions.