Orrick has advised Infracapital, the infrastructure investment arm of M&G Investments, in its joint venture with Nokia, to build, own and operate a fiber optic broadband network across Poland. The joint venture has been appointed by the Polish government as its preferred bidder to build, own and operate a large fibre broadband network in 13 regions in Central and Northern Poland. Construction is expected to begin this year with capital expenditure estimated at €300 million.
The project is part of the EU-backed “Digital Poland” program which aims to deploy high-speed fiber optic broadband across the country by 2020.
Infracapital is the European infrastructure equity arm of M&G Limited, Prudential Plc's European investment management division.
The Orrick team advising Infracapital was led by corporate partner Jinal Shah
and energy & infrastructure partner John Deacon
and included Henry Storrar, Matthew Stott
, Alex Sobolev
, Douglas Lahnborg
and Matthew Rose
Orrick has been advising Infracapital since 2015, most recently in its investment into a joint venture with Amarenco Solar and its purchase of a 70% stake in Bioenergy Infrastructure Group.
The other advisers on the transaction were Baker McKenzie, who advised the joint venture and Nokia, and DZP, who advised Infracapital on Polish law matters.