Khaitan & Co advised British Telecommunications Plc (BT Group) on the Indian law aspects of the separation of the respective international businesses of BT Group and Verizon Communications Inc (Verizon) to form a 50:50 joint venture.
The new JV will serve multinational organisations across more than 3,000 customers in 180+ countries, representing approximately $4 billion in combined annual revenue, unlocking significant scale efficiencies across the combined global network and service operations following completion.
The Firm’s role included advising BT Group across all legal and tax aspects of the India-leg of the transaction from an Indian laws perspective, including on corporate, foreign direct investment, antitrust, tax, employment and telecom laws.
The core team consisted of Rabindra Jhunjhunwala (Partner), Prasenjit Chakravarti (Partner), Anshul Prakash (Partner), Harsh Walia (Partner), Mayank Jain (Partner), Nitish Goel (Partner), Anisha Chand (Partner), Sudipta Bhattacharjee (Partner), Shobhit Chandra (Counsel), Abhisek Choudhury (Counsel), Sanjana Bhatnagar (Counsel), Alisha Mehra (Principal Associate), Arjyadeep Roy (Principal Associate), Bharat Jain (Principal Associate), Varsha Sankara Raman (Senior Associate), Khyati Goel (Senior Associate), Tisha Jain (Associate).