UK: Mayer, Brown, Rowe & Maw Acts For Cable And Wireless Plc On Acquisition Of Guernsey Telecoms Limited
Last Updated: 10 June 2002

Mayer, Brown, Rowe & Maw have advised Cable and Wireless Plc ("C&W"), the global telecommunications group, in connection with their agreement to purchase Guernsey Telecoms Limited from the States of Guernsey. The purchase price is £22.5 million, of which £10 million will be deferred and paid in equal instalments on the first and second anniversaries of completion. C&W is paying a further £1.3 million for an assignment of the rights that the States of Guernsey has in a fibre optic cable project which, when completed, will run from Guernsey to Jersey and France.

The completion of the purchase and assignment is conditional on, among other things, approval by the States of Guernsey which, if obtained, will allow the transaction to be completed in under 4 weeks.

The C&W team was lead by Senior Legal Adviser Graeme Akhurst. The MBR&M team was led by Corporate Partner Richard Page, assisted by Daniel Raymond and supported by, among others, Caroline Taylor and Nick Marshall on property matters.

The States of Guernsey's agents, CIBC World Markets Plc, were advised by James Nimmo of Squire, Sanders & Dempsey. Ozannes advised on matters of local law.

For further information, please contact:

Richard Page Mayer, Brown, Rowe & Maw

020 7246 6255

Angela Woodruff, PR Manager, Mayer, Brown, Rowe & Maw

020 7782 8804

About Mayer, Brown, Rowe & Maw

  • Mayer, Brown, Rowe & Maw is the 10th largest law firm in the world with 13 offices worldwide, including representations in the world's major financial centres; London, Paris, Frankfurt and New York. Our London office consists of over 90 partners, 300 lawyers and a total staff of nearly 600. We deliver multi-jurisdictional advice to the world's leading companies, financial institutions and multinational businesses.
  • Internationally, the Corporate & Securities Group comprises of nearly 100 partners and 250 lawyers. The London Corporate Team is also one of the largest in the City, with 30 partners, over 140 lawyers and specialises in all aspects of corporate and commercial law: mergers & acquisitions; securities and capital markets including restructuring transactions and securities offerings in domestic, cross border and offshore markets.
  • For further details please visit our website at



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