Partners Telecom Colombia and Avantel’s $200 Million Reorganization

Posse Herrera Ruiz and Clifford Chance acted as legal counsel to China Development Bank Shenzhen Branch on the matter. White & Case and GPA advised WOM.

China Development Bank Shenzhen Branch announced the financing granted to Partners Telecom Colombia S.A.S. (WOM) and Avantel S.A.S. In Reorganization for the maintenance and development of mobile telecommunication networks in Colombia.

The financing was structured through a facility agreement under the laws of London for USD 200.000.000 and involved a complex security package mainly governed by Colombian law.

Posse Herrera Ruiz’s team was led by partner Mariana Posse, supported by Mauricio Nieto and Paula Alba?n.

Clifford Chance’s team was led by Vicky Ma, supported by Jia Yin Leong, Kaiqi Deng, and Jihua Ni.

White & Case advised WOM with Matthew Weetman.

GPA’s team included Ricardo Fandin?o, Tonia Orozco, and Santiago Ariza.

Involved fees earner: Jia Yin Leong – Clifford Chance; Vicky Ma – Clifford Chance; Jihua Ni – Clifford Chance; Santiago Ariza Góngora – Gómez-Pinzón; Ricardo Fandiño De La Calle – Gómez-Pinzón; Tonia Orozco Araújo – Gómez-Pinzón; Paula Albán – Posse Herrera Ruiz; Mauricio Nieto – Posse Herrera Ruiz; Mariana Posse – Posse Herrera Ruiz; Matthew Weetman – White & Case;

Law Firms: Clifford Chance; Gómez-Pinzón; Posse Herrera Ruiz; White & Case;

Clients: Avantel; China Development Bank (CDB); WOM;