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Allens has advised Development Victoria on the sale of its Fibre to the Home network.
Firms: Allens (Development Victoria); Cooper Mills (RedTrain Networks Pty Ltd)
Value: Undisclosed
Area: M&A
Key players: The Allens legal team comprised partners Michael Graves and Mark Malinas, senior associate Elyse Adams and associate Yolanda Karantgis.
Deal significance: RedTrain is described as a licensed provider that is expanding its investment in fibre infrastructure across Victoria, while Development Victoria is described as a wholesale provider of optical fibre infrastructure.
This sale between the two parties includes the network, which sits across six of Development Victoria’s estates, as well as related assets including exchanges, according to a statement from Allens.
“We are delighted to have again worked with Development Victoria on the sale of this significant asset,” said partner Michael Graves.
“The sale will help Development Victoria improve its focus on urban renewal as well as giving consumers a greater choice of [internet service providers].”
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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