Liquid Telecom’s Acquisition of Shares in Telrad Networks

Telrad Networks was represented by Gornitzky on the transaction.

Telrad Networks, a telecommunication company traded on the Tel Aviv Stock Exchange, executed a transaction for the acquisition of 100% of its shares by Liquid Telecom, a pan-African group operating in the fields of communications and technology, for a total of approximately NIS 200 million (approx. $58.7 million). The transaction will take place in the form of a reverse triangular merger resulting in the delisting of Telrad’s shares from the TASE.

The Gornitzky team was led by Partners Chaim Friedland (Picture), Yair Shiloni and Ari Fried, together with associate May Dahan Estrin, Josh Cohn and Koral Zellinger-Rushinek. Tax aspects: Partner Dr. Assaf Prussak and Senior Associate Nir Moses.

Involved fees earner: Josh Cohn – Gornitzky & Co.; May Dahan Estrin – Gornitzky & Co.; Ari Fried – Gornitzky & Co.; Chaim Friedland – Gornitzky & Co.; Nir Moses – Gornitzky & Co.; Assaf Prussak – Gornitzky & Co.; Yair Shiloni – Gornitzky & Co.; Koral Zellinger-Rushinek – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Telrad Networks Ltd. ;