Ashurst and Akin Gump have acted as legal counsels in the sale of a British broadband company known as Upp. Prior to this transaction, Upp was owned by LetterOne, an investment company backed by a Russian oligarch. The delivery of this dispute-filled sale has seen the well-established telecoms titan, Virgin Media O2 teaming up with U.K’s Nexfibre.
It should be noted that this article is subject to a paywall, which may result in limited access to full information. Nonetheless, the essence of the information available points to Virgin Media O2 and Nexfibre securing the broadband company previously influenced by Russian oligarch investment.