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Telstra advised on corporate restructure
Global law firm King & Wood Mallesons has advised Telstra on its strategic corporate restructure.
Emma Musgrave
Firm: King & Wood Mallesons (Telstra)
Value: Undisclosed
Area: Corporate
Key players: King & Wood Mallesons partners Joe Muraca, Cheng Lim, Stephen Minns, Jack Hill, Nicola Charlston, Kirsten Bowe, Rachael Lewis, Kate Creighton-Selvay, Ben Kiely and Jessica Kruger advised Telstra on the scheme of arrangement process, ASX listing requirements and the operational and regulatory elements of the restructure.
Partner Caroline Coops led the Australian Competition and Consumer Commission (ACCC) aspects, while partner Anne-Marie Neagle led the financing stream, and Justin Cherrington led on tax aspects.
Special counsels Stephen Brightman, Daryl Cox and Mikkeli Godfree and senior associates Amanda Kazacos and Charles Westh were also key in supporting Telstra on the restructure, and Kerryn Underwood led the project management team.
Deal significance: This transaction saw the King & Wood Mallesons team advise Telstra throughout the process and on all aspects of the restructure, including obtaining shareholder and court approvals, the creation and passage of federal legislation and ACCC authorisation.
Commenting on the transaction, partner Joe Muraca said: “This is a really transformative project at enormous scale. The non-operating holding company structure sets Telstra up for future success as it seeks to deliver on its T25 strategy.”
Further commenting, partner Cheng Lim said: “It has been an enormous team effort from the entire firm working closely with Telstra to make the restructure happen. Our deep knowledge of Telstra and the bench strength of our team has made a real difference in helping Telstra navigate through the restructure.”
Emma Musgrave
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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