Simmons & Simmons has secured its second major instruction for Telefonica, advising the Spanish telecoms giant on its £2bn sale of emergency services network Airwave to Guardian Digital Communications.
Simmons, which landed one of its biggest-ever M&A mandates when it took the lead on Telefonica’s £17.7bn takeover of UK mobile company O2 in 2005, is advising the company opposite Allen & Overy (A&O).
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