White & Case Guides Actis in Telekom Srbija’s Tower Portfolio Deal

Global law firm White & Case has provided legal counsel to Actis in its acquisition of a telecom tower portfolio from Telekom Srbija, a telecommunications operator in Central & Eastern Europe. The transaction involves approximately 1,800 macro towers, with a focus on Serbia, Bosnia & Herzegovina, and Montenegro.  

“This is an extremely exciting transaction for Actis and is intended to be its cornerstone platform investment for towers in the region,” said White & Case partner Sandra Rafferty, who led the Firm’s deal team. “We have supported Actis on a transaction in a sector that is forecast to expand significantly in Central & Eastern Europe and the western Balkans in the coming years.” 

Actis has established an independent Towerco as part of the deal, entering a long-term Master Services Agreement with Telekom Srbija. The agreement includes build-to-suit commitments for expanding the platform’s reach and accommodating emerging technologies in the region.  

Actis is a global investor in sustainable infrastructure, managing over US$12.5 billion in assets. Telekom Srbija operates in Serbia, Bosnia & Herzegovina, and Montenegro. 

The White & Case team which advised on the transaction was led by partner Sandra Rafferty (London) and included local partners Fraser Galloway (pictured left, Dubai), Philip Vavalidis (pictured right, Dubai) and Jan Stejskal (Prague), partners Vit Stehlik, (Prague), Philip Trilmich, Jessica Kemp, Marc Israel and Simon Caridia (all London), local partner Karel Petrzela (Prague), counsel Pavel Cizek (Prague) and associates Heidi Blomqvist, Claire Slunecko, Lily Teh, Alice Parsons, Kate Kelliher, Hannah Bragge, James Foo, Shamim Khan (all London), James Ateh, Charles Tuckwell and Adnan Bekdur (all Dubai).