News

Wakefield Quin advises Atlantic Tele-Network, Inc. on its acquisition of a majority interest in KeyTech Limited

  • October 2015

Wakefield Quin Limited is representing Atlantic Tele-Network, Inc. (NASDAQ:ATNI) in its multi-million dollar acquisition of a controlling interest in KeyTech Limited as part of a proposed business combination of KeyTech with “CellOne”, approved by KeyTech shareholders on 20 October 2015. The transaction will combine Bermuda Digital Communications, a leading mobile telecommunications provider in Bermuda doing business as “CellOne”, with KeyTech, a Bermuda company that provides voice, broadband, and cable television services in Bermuda and the Cayman Islands.   The transaction is subject to customary closing terms and conditions.

The Wakefield Quin team is led by Ian Stone and Jemima Fearnside with the assistance of Erik Gotfredsen, Orla Halpin and Johann Oosthuizen.

Cleary, Gottlieb, Steen & Hamilton LLP (New York office) are advising on the U.S. aspects of the transaction.