Davis Polk Advises Comcast on the Sale of Advanced Wireless Spectrum to Verizon Wireless

Davis Polk is advising Comcast Corporation in connection with the $3.6 billion sale by SpectrumCo, LLC of 122 Advanced Wireless Services spectrum licenses to Verizon Wireless. SpectrumCo is a joint venture between Comcast Corporation, Time Warner Cable and Bright House Networks. Comcast owns 63.6% of SpectrumCo and will receive approximately $2.3 billion from the sale. The transaction is subject to approval by the Federal Communications Commission and review under the Hart-Scott Rodino Act and other customary conditions.

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Tags:  Davis Polk & Wardwell LLP | New York

Clayton Utz Advises on Centro Group Restructure

Clayton Utz and co-legal adviser Maddocks have advised Centro Retail Limited and Centro Retail Trust (CER) in relation to the complex restructure of Centro Group, which was approved by the Supreme Court of New South Wales on 1 December 2011.

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Tags:  Clayton Utz

Maddocks Advises Centro Property Group on Final Stages of $7 Billion Restructure

On Friday 2 December the Centro Property Group announced that it has lodged court orders with ASIC to effect one of the final stages of the $7 billion restructure of the Centro Group – one of the largest and most complex restructures in recent Australian corporate history. The deal was unique because of the complexity of the structure, the size of the debts of the Group and the number of stakeholders involved.

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Tags:  Maddocks