DLA Piper has advised Service-Telecom, a participant in the telecoms tower infrastructure market in the Moscow Region, on the acquisition of a 100% stake in Link Development, a prominent telecoms tower company in Northwest Russia. Dentons advised the unidentified sellers on the deal.
According to DLA, "as the first strategic acquisition of a tower company in the Russian telecom market, this transaction is a very important step in implementing Service-Telecom's strategy to become a leader on a national scale in the Russian telecom market. The combined company will manage more than 1,000 sites (mast structures and steel poles of different heights) in the key markets of Russia. It enjoys a portfolio of diversified long-term contracts with all federal mobile network operators; the average tenancy ratio of 1.8 is one of the highest in the industry."
DLA Piper's Moscow-based team was led by Corporate Partner Steffen Kaufmann and included Senior Associates Mukhamed Evloev and Anna Sitas and Associate Tsvetan Naidenov.
Service-Telecom's in-house team was led by Chief Legal Officer Elena Kilimnik.
The Dentons team was led by Head of Corporate and M&A in St. Petersburg Artem Zhavoronkov, with support from Of Counsel Anton Poddubny and Associates Olga Krivosheykina and Viacheslav Gareev.