Davis Polk advised Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC as representatives of the initial purchasers in connection with the debut global offering by Colombia Telecomunicaciones S.A. ESP of $750 million aggregate principal amount of its 5.375% senior notes due 2022. The notes were offered pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Colombia Telecomunicaciones is a full-service telecommunications provider offering a range of integrated telecommunications services, including fixed-line, mobile, data transmission (including broadband access and value-added services) and subscription television services throughout Colombia. The company is the result of the recent merger of Telefónica Móviles Colombia S.A. and Colombia Telecomunicaciones, and is an indirect subsidiary of Telefónica, the world’s fourth-largest telecommunications company in terms of revenues.
The Davis Polk capital markets team included partner Nicholas A. Kronfeld and associates Yasin Keshvargar and Denise Yablonovich. Partner Michael Farber and associate William A. Curran provided tax advice. Inés Velasco was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
