Tuesday, 11th May 2010 by Emiliano Mellino

Brazil′s Machado, Meyer, Sendacz e Opice Advogados has advised Teléfonica on its recent failed bid to buy the 50 per cent stake that Portugal Telecom (PT) owns in their Brazilian joint venture, Brasilcel.

The US$7.2 billion bid was sent to the Portuguese telecoms group on 6 May and was unanimously rejected by PT′s board of directors.

Although the transaction went on in Portugal and was handled largely by Telefónica′s in-house lawyers, Machado Meyer partner Moshe Boruch Sendacz advised Telefónica on some aspects of Brazilian law.

Machado Meyer represented Telefónica earlier in the year in its failed bid for telecoms company GVT and when it successfully came up against Brazil′s antitrust regulators over its purchase of rival operator Telecom Italia.

In February, PT successfully acquired Brazilian IT company GPTI. For that deal the company was advised by Souza, Cescon, Barrieu & Flesch Advogados.

 

Counsel to Telefónica

·         Machado, Meyer, Sendacz e Opice Advogados

 

Partner Moshe Sendacz

 

Counsel to Portugal Telecom

The company has not disclosed counsel

(Latin Lawyer 11.05.2010)

(Notícia na Íntegra)