Vinge advises EQT Infrastructure and GlobalConnect in connection with their SEK 3 billion acquisition of Telenor’s Open Universe and SDU fiber assets

November 24, 2021

Vinge advises EQT Infrastructure and its portfolio company GlobalConnect on the SEK 3 billion acquisition of Telenor’s Open Universe platform and SDU fiber infrastructure.

GlobalConnect will continue to build on Open Universe’s robust platform and business model, keeping the brand name and operating model intact and is committed to maintain a strong collaboration with municipalities, property owners and city networks. With additional resources and dedicated focus, GlobalConnect’s ambition is to deliver more, and improved fiber based broadband services to households across Sweden.

The transaction makes GlobalConnect one of the leading communications operators in the country. The acquired SDU fiber infrastructure will be incorporated into GlobalConnect’s FTTH operations, enabling further expansion and densification in the areas where the infrastructure is deployed.

The transaction is subject to customary regulatory conditions and is expected to be completed in Q1 2022.

Vinge’s team consisted of Daniel Rosvall, Karl Klackenberg, Milad Kamali and Eléonore Friberg (M&A), Mathilda Persson and Lisa Hörnqvist (Commercial Agreements), Sebastian Örndahl (Antitrust and Telecom Regulatory), Kristoffer Larson (Real Estate), Ebba Svenburg (Employment) and Sara Dahlros Sköld (VDR specialist).

Renewable energy – The Council agrees on a temporary emergency regulation

In the beginning of November, the European Commission put forward a proposal regarding a framework to accelerate the deployment of renewable energy, with the ambition to speed up the transition to green energy and reduce the EU’s dependency on Russian fossil fuels. In line with the conclusions of the European Council at the end of October, the European Commission considers that the ongoing energy crisis requires immediate action to transpose parts of the REPowerEU plan, and therefore proposes to adopt a Council Regulation using Article 122(1) of the Treaty of the Functioning of the European Union (TFEU) as legal basis.
December 06, 2022

REPowerEU – The European Parliament and the Council have assumed their standpoints

In May 2022, the Commission presented its proposal regarding REPowerEU. The purpose of the plan, which is based on the "Fit for 55" parcel , is to change Europe’s energy system by eliminating the EU’s dependency on Russian fossil fuels as well as to tackle the climate crisis. The European Parliament and the Council have now adopted their positions in order to incorporate the plan into the national recovery and resilience plans.
November 29, 2022

Vinge authors the Swedish contribution regarding tax disputes for The Legal 500

International companies run the risk of the erroneous management of tax issues when conducting operations in several jurisdictions. In such event, disputes can arise with the relevant tax authorities. The Legal 500 has now introduced a dedicated chapter on tax disputes in its comparative guide for the first time and Ulrika Bengtsson, advokat and counsel, has been selected to provide a clear picture of the Swedish tax litigation system.
November 09, 2022

Relaterade nyheter