International law firm Bird & Bird has been advising Alternative Networks plc, one of the UK’s leading telecommunications resellers on its £11m acquisition of Integrated Communications for Business (UK) Ltd (“ICB”). This follows the AIM IPO of Alternative Networks on which Bird & Bird also advised earlier this year.
Alternative Networks provides a broad portfolio of communications products including mobile, fixed line and data products to UK SME and small corporate customers. The acquisition of ICB, a mobile and fixed line telecoms service provider, was for an initial consideration of £6 million and a deferred consideration depending on the future profitability of ICB of up to a further £5 million.
Bird & Bird advised on all corporate aspects of the acquisition. Corporate partner and co-head of the firm’s corporate group, Neil Blundell led the deal with assistance from Helen Down. ICB was advised by Norton Rose.
For more information on this please contact Neil Blundell on +44 (0)20 7415 6000.
For more information about Bird & Bird please contact Natalie Arestis, PR Manager on 020 7905 6248.