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CMS and Eisenberger & Herzog Advise on Niederosterreichische Breitband Holding Selection of Broadband Network Investor

CMS and Eisenberger & Herzog Advise on Niederosterreichische Breitband Holding Selection of Broadband Network Investor

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CMS has advised Niederosterreichische Breitband Holding on its selection of Allianz Capital Partners as a partner on a potential EUR 300 million investment package involving a broadband network in Lower Austria. Eisenberger & Herzog advised Allianz Capital Partners on its successful bid.

The parties are in the final stage of negotiations for the investment package and closing is expected by the end of the year.

According to CMS, as a result of this project, a total of around 140,000 households in communities of fewer than 5,000 inhabitants will be provided with high-speed broadband Internet access between 2020 and 2022. “With the rollout of the future-proof fibre-to-home network in rural regions, the Province of Lower Austria and Allianz Capital Partners will close the gap with the better-served urban areas,” CMS reports. The 3 Layer Open Access model, open to all Internet service providers, will allow customers to choose suppliers for broadband services.

The CMS team consisted of Partners Thomas Hamerl and Clemens Grossmayer and Associates Marlene Wimmer-Nistelberger, Ruth Bittner, and Marco Selenic.

The Eisenberger & Herzog team was led by Partner Michael Strenitz, supported by Partners Clemens Lanschutzer and Ulrike Sehrschon and Associates Matthias Eberle and Isolde Klinger.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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