Slaughter and May advised Vodafone on its creation of a new Dutch telecoms operator with Liberty Global

Slaughter and May advised Vodafone on two reciprocal services agreements in connection with the creation of a business-critical joint venture (JV) between Liberty Global and Vodafone. The JV was established in order to combine the parent companies’ complementary strengths in the Dutch telecommunications space, thereby creating a profitable, market-leading telecoms company in the Netherlands with annual revenues of well over €4 billion.

The services agreements, one of which was between the Vodafone parent company and the JV, and the other between the Liberty parent company and the JV, and each of which involved the provision of services both ways between the parties to them, were essential to enable each party’s business to continue to operate on substantially the same basis as prior to completion through the provision of transitional telecoms and support services.