Allens has advised Development Victoria on the sale of its Fibre to the Home network to RedTrain Networks Pty Ltd.
The sale includes the network, which sits across six of Development Victoria's estates, as well as related assets including exchanges.
A multidisciplinary team from Allens - which spanned the firm's Property, M&A, Competition, and Technology, Media & Telecommunications teams - advised on all aspects of the transaction, including the tender process, transaction documents and regulatory hurdles.
'We are delighted to have again worked with Development Victoria on the sale of this significant asset,' said Partner Michael Graves.
'The sale will help Development Victoria improve its focus on urban renewal as well as giving consumers a greater choice of ISPs.'
The sale closed on 21 December 2017.
Allens legal team
Michael Graves (Partner), Mark Malinas (Partner), Elyse Adams (Senior Associate), Yolanda Karantgis (Associate)
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.