Orrick advises InfraRed Capital Partners on the acquisition of Proximus Luxembourg Infrastructure

Proximus Luxembourg Infrastructure owns and manages 267 mobile tower assets, supporting Proximus Luxembourg's mobile operations under the Tango and Proximus NXT brands. This acquisition will enable InfraRed to strengthen its position in the telecommunications infrastructure sector in Luxembourg, leveraging the expertise of the current management team to expand the tower portfolio in response to growing customer demands.

The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals.

The Orrick team advising InfraRed consisted of:

• Patrick Tardivy (Partner) and Marc Diab Maalouf (Managing Associate) on the corporate/M&A aspects;
• Christophe Lefort (Partner) on aspects of infrastructure law;
• Paul Loisel (Partner), Ahmed Boulahcen (Managing Associate), and Camille Heissat (Associate) on the financing aspects;
• Patrick Hubert (Partner) on regulatory aspects including merger control and foreign investment; and
• Shaun Malone (Managing Associate) in London on English law aspects.

Arendt & Medernach (Fouzia Benyahia, Partner, and Messaouda Benbouzid, Counsel) advised InfraRed on Luxemburg law aspects.