f.l.t.r.: Mag. Georg Konrad, LL.M., Mag. Mark Krenn
The CEE M&A team at CHSH Cerha Hempel Spiegelfeld Hlawati advised Clearwire, a company listed on the NASDAQ technology exchange, regarding the sale of its Romanian subsidiaries. CHSH’s offices in Vienna and Bucharest successfully closed the cross-border transaction.
Clearwire is a provider of next generation high-speed internet services in the US and Europe. Its strategic investors include, among others, Intel Capital, Google and Time Warner Cable. CHSH handled the sale of all of Clearwire’s subsidiaries in Romania. Georg Konrad and Mark Krenn at CHSH’s Vienna office and Mirela Nathanzon and Ovidiu Valeanu at its Bucharest office helped close the deal.
“Implementing the transaction at the same time as Clearwire was raising USD 4.3 billion in financing, as well as taking care of all of the regulatory considerations, proved a challenge for the cross-border team”, explained Georg Konrad, partner at CHSH, who has many years’ experience of working closely with Clearwire.