The transaction remains contingent on regulatory approval.
The Hanover-based BTV Multimedia Group is a group of medium-sized companies in the broadband industry that aims to provide its customers in Europe with support for broadband expansion. STW, based in Tyrol, develops fiber-optic rollout in the Alpine region.
According to Schoenherr, “the BTV Multimedia Group will expand its activities in the broadband sector to offer STW's customers an even wider range of services and, in cooperation with new partner companies and a strong financial investor, to pursue the efficient implementation of fiber-optic expansion projects of any size. After the acquisition, STW will continue to act as an independent and vendor-neutral partner for its customers.”
Schoenherr’s team included Partners Michael Magerl and Christoph Haid, Attorney Johannes Frank, and Associate Bettina Kranawetter.
Noerr’s team was led by Munich-based Partner Holger Ebersberger.