- November 16, 2010
Nathan Associates is advising the Government of Samoa on the sale of 75 percent of the share capital of SamoaTel Limited, a national telecommunications company currently 100-percent government-owned. SamoaTel operates a GSM mobile network and a fixed line network that includes more than 350 Km of fiber optic backbone linking 60 percent of cell sites.
Fifteen entities from around the world expressed interest in the tender following the publication of the official notice in the Economist and the Financial Times in September. On November 15 the Government of Samoa announced the end of the prequalification period. Prequalified parties have been notified and access to the virtual data room is being granted. Financial offers are scheduled to be opened in January 2011.
Nathan Associates has been advising on all aspects of this transaction, including due diligence and valuation, the design of the transaction strategy and the communications strategy, the prequalification of bidders, and the drafting of legal documents for closing the transaction.