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The dynamic nature of the Communications and Technology industries demands an aggregate institutional knowledge and experience that we are uniquely equipped to offer. Our ability to deliver sound counsel to our clients is reflected in the firm's range of projects, from traditional regulatory and transactional work in telecommunications and media to representation involving advanced technologies, convergence and the Internet. European Counsel has called our communications practice "one of the strongest in Washington."

ATC Acquires FPS Towers in France

Paul, Weiss client American Tower Company (ATC) announced that it, together with Dutch pension fund manager PGGM, had entered into a definitive agreement to acquire 100 percent of the stock of FPS Towers from Antin Infrastructure Partners for a purchase price of approximately €607 million (approximately $724 million at the exchange rates in effect at the time of signing). FPS owns and operates approximately 2,400 wireless tower sites across France. The transaction is expected to close in the first quarter of 2017. 

The Paul, Weiss team included corporate partner Bruce Gutenplan; and real estate partner Mitchell Berg.


December 19, 2016

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