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Digital Infrastructure

Allen & Overy is at the forefront of legal business developments in the digital infrastructure sector. We have been advising on digital infrastructure transactions for over two decades and, with this, have developed unparalleled sector knowledge.

In recent years, funds investing in infrastructure have shown much greater interest in “connectivity infrastructure” as part of the infrastructure asset class.

There are a number of reasons for this increased interest. We think the most important are: the continued exponential growth in data use and decentralised data storage and processing; traditional telecom players deleveraging by monetising their network infrastructure; and the ever-increasing flow of money into infrastructure funds who are looking for new opportunities that have typical infrastructure characteristics.

Few firms can deliver the combination of experience and resource that is needed to handle the most important matters in the Digital Infrastructure sector. A&O’s extensive experience advising clients on the development, acquisition, financing and disposal of digital infrastructure assets means that we are truly market leaders in this field. As a result, we are currently ranked as the #1 legal adviser (advising on twice as many transactions by deal value and number than our nearest competitor) for advising clients on digital infrastructure transactions (source: Dealogic).

Key experience 


VEON on the sale of its mobile network towers in Russia.

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Global Cloud Xchange

3i Infrastructure on its investment in Global Cloud Xchange

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American Tower

American Tower on the EUR7.7bn acquisition of Telxius Towers, comprising approximately 31,000 existing communications sites in Germany, Spain, Brazil, Chile, Peru and Argentina, from Telefónica.

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České Radiokomunikace a.s.

Cordiant Digital Infrastructure Limited (CDIL) on its acquisition of České Radiokomunikace a.s., a leading telecommunications, media and technology infrastructure and services provider in the Czech Republic

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Liberty Global

Liberty Global on the 50/50 joint venture with DigitalBridge to create the AtlasEdge data centre business. Winner of Digital Infrastructure Deal of the Year – Europe (TMT M&A Awards 2021)

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Equinix, a global data centre and colocation provider, on its USD1.035bn acquisition of Metronode, an Australian data centre operator.


TMT M&A Legal Adviser of the Year, Digital Infrastructure Deal of the Year – Europe and Telecom M&A Deal of the Year – Europe

TMT M&A Awards 2021

EMEA Digital Infrastructure of the Year 2021 – Fibre Optic SFR FttH

IJ Investor Awards 2022

Europe Telecoms / Digital Infrastructure Deal of the Year – Calisen Refinancing

IJ Global 2021

News and insights

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Publications: 02 February 2023

Podcast: Sanctions outlook 2023

Sanctions began dominating the headlines again in 2022. Largely, reports focused on the ongoing sanctions targeting Russia. As we look ahead to 2023, Russia remains a target. Other countries (such as…

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Publications: 25 January 2023

Tackling foreign subsidies: new EU rules enter into force

On 12 January 2023, the EU Foreign Subsidies Regulation (FSR) entered into force. The FSR will have a significant impact on and create new obligations for parties that are participating in…

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News: 23 January 2023

A&O advises Abu Dhabi Investment Office on Phase 2 of the Road Lighting LED PPP project in Abu Dhabi, UAE

Allen & Overy has advised the Abu Dhabi Investment Office (ADIO) and the Department of Municipalities and Transport (DMT) in Abu Dhabi in relation to Phase 2 of its Road Lighting public-private…

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Publications: 23 January 2023

EU regulation on foreign subsidies - implications for infrastructure investors

A new EU Foreign Subsidies Regulation entered into force on 12 January 2023.

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