Shardul Amarchand Mangaldas, Linklaters act on acquisition of majority stake in Route Mobile by Proximus Group

The acquisition is set to happen for approximately ₹5,922 crore.
Proximus Group
Proximus Group

Belgian government-owned telecom major Proximus Group is set to acquire a majority stake of 57.76% in Route Mobile Ltd. for at least ₹5,922 crores.

Shardul Amarchand Mangaldas & Co acted as Indian legal counsel for Proximus on this deal.

The transaction advisory team comprised Raghubir Menon - Regional Practice Head – M&A and Private Equity, Manan Mehta - Partner, Yogesh Chande - Partner, Deepa Rekha R - Partner, Zubin Mehta - Partner, Sumant Prashant - Counsel, Mohit Bhatia - Counsel, Rooha Khurshid - Senior Associate, Preeti Kapany - Senior Associate, Shweta Ojha - Associate, Debanik Bid - Associate and Ketayun Mistry - Associate.

Linklaters advised Proximus with a team led by Eric Pottier (Partner, Brussels), Savi Hebbur (Partner, London) and Viktor Pokorny (Managing Associate, Brussels).

This acquisition is one of the largest ever cross-border deals in the communication platform space.

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