Holland & Knight, Galicia Abogados Advised on Telefónica-AT&T Deal in Mexico

In an article from LegalWeek, Partners Luis Rubio Barnetche and Octavio Lecona comment on an unprecedented deal between Telefónica and AT&T in Mexico, in which they were the lead advisers to Telefónica, a Spanish telecom company. 

"It is expected that in the coming years we will hear about similar deals to the one struck by Telefónica and AT&T, which may be used as a roadmap for transactions to come. The scarcity and cost of the spectrum will certainly drive mobile operators to look for means to use such spectrum more efficiently and reduce costs, but not at the expense of quality of service," said Mr. Rubio.

Mr. Lecona also commented, "The long-term wholesale agreement entered into by Telefónica and AT&T in Mexico is partially a result of new technological solutions known as Multi-Operator Core Network that allow for a radio access network to be connected to multiple core networks. Another factor is that the 2014 Mexican telecommunications law foresaw that technological advances would facilitate and foster the use of spectrum in more efficient manners."

READ: Holland & Knight, Galicia Abogados Advised on Telefónica-AT&T Deal in Mexico (Subscription Required)