Conyers Dill & Pearman provided BVI law advice to Seamless Industries Limited, a wholly-owned subsidiary of PCCW Limited in connection with its sale of the shares it holds in Transvision Investments Limited to Hutchison 3G UK Limited pursuant to the terms of a share purchase agreement.
Transvision’s only material asset is its holding of the entire issued share capital of UK Broadband Limited. UK Broadband conducts a broadband business in the UK under the “Relish” brand which is delivered to its customers via UK Broadband’s fixed wireless networks. UK Broadband’s principal assets are its holding of certain licences for radio frequency spectrum, its wireless networks and related systems, and its customers.
Partner Richard Hall of Conyers’ Hong Kong office advised on the matter working alongside Gibson Dunn & Crutcher LLP.