International law firm Bird & Bird's London Capital Markets team has advised Orient Telecoms, a provider of managed telecommunications services, on its successful listing on the London Stock Exchange. The transaction is particularly interesting as despite being a start-up, it was successfully admitted to the Standard List of the Main Market instead of the AIM Market.
Orient aims to be a new regional network telecommunications provider offering connectivity and selling managed network services across Southeast Asia. The Company intends to provide a managed telecommunications service using the network infrastructure owned by other network operators. This enables cost effective and rapid connectivity to large bandwidth consumers initially in Singapore and subsequently within other Southeast Asian countries.
The Bird & Bird team was instrumental in facilitating the listing and associated placing, which was over a year in the making, with the client noting that the success was due "to the persistent follow through by Bird & Bird".
The team was led by corporate partner Simon Fielder who was assisted by Associates Sharon O'Donnell, Chandini Choudhary, Youichi Iisaka and William Porter.
Orient Telecoms commented: "They are very patient, professional and prompt in their approach and we are truly satisfied with the level of commitment we received from you!" and rated the “Ease of doing business with all of you as #1".