Telecoms Project Documentation

Allocating Risk in Finance and Development
Erscheinungsjahr 2002
ISBN: 978-1-85564-970-5
Verlag: Euromoney

Buch, Englisch, 180 Seiten

Drawing on decades of telecoms documentation experience from two leading international law firms, this new book enables you to protect your business from current threats but prepare you to take advantage of new opportunities as they arise. It suggests practical tips for drafting and reviewing documentation and gives guidance on individual documents, clauses, warranties and charges. It examines the documentary life-cycle of telecoms financing including debt, vendor, venture capital and joint venture funding; licencing and authorisations; equipment supply and interconnection; and documentation issues for specific telecoms technologies such as mobile virtual network operations, satellite projects and fibre optic cable projects.

An indispensable guide for financiers, operators and their legal advisors in navigating the documentary minefield of complex telecoms transactions.

Extract from Foreward

This book, Telecoms Project Documentation, is a welcome addition at this time. It provides a guide to the legal and business aspects of telecoms project financing and development – from the unique attributes of telecom joint ventures to the special characteristics of equipment vendor financing in our industry, and ranging from satellites to submarine cables. It is a source of much-needed guidance: to learn from some of the misjudgments of the past and continue the inevitable advance of the telecom revolution.

Mr Yoshio Utsumi, Secretary-General, International Telecommunication Union (ITU), Geneva, November 2002

Autoren/Hrsg.

Milbank, Tweed, Hadley, McCloy

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Wirtschaftswissenschaften Betriebswirtschaft Management Projektmanagement
• Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Medien-, Informations und Kommunikationswirtschaft Telekommunikationswirtschaft, Post

Inhaltsverzeichnis

Author

Preface

Foreword

List of abbreviations

Chapter 1: Telecommunications projects: an overview
Glenn S Gerstell and Elizabeth Zelinka

Introduction
The evolution and current state of the telecommunications market
Unique characteristics of telecommunications projects
Financing telecommunications projects
Operating and technology issues for the telecommunications project

About this book

Chapter 2: Joint venture/consortium agreements
Andrew McMillan

Introduction1
Preliminary issues
Secondary issues

Chapter 3: Traditional options for raising debt
Glenn S Gerstell and Elizabeth Zelinka

Introduction
Bank loans for telecommunications deals
Accessing the capital markets
Using the capital markets
Defaults and prepayment
Appendix A: Key borrower issues for raising commercial bank debt
Appendix B: Key lender issues in extending credit to telecom companies

Chapter 4: Vendor financing
Glenn S Gerstell and Elizabeth Zelinka

Vendor financing – more demand in a tighter market
Shaping vendor financing facilities
Key commercial terms of vendor financings
Special documentation issues in vendor financings
Appendix B: Key vendor issues in vendor financings

Chapter 5: Telecommunications licensing and authorisations
James Ibbetson

Introduction
What is a telecommunications licence?
What a financier should look for in a licence
Types of licences
Concessions
Other forms of authorisation
What obligations does the licence impose?
Licences are personal rights
Regulator’s powers to terminate or modify a licence
Forces of change
Hints for due diligence
Other types of network access
Collocation and facility sharing
Contributions to a dominant carrier’s universal service obligations
Competition law
Example – the European Union
The lender’s requirements
Hints for due diligence
Conclusion

Chapter 8: Satellite telecommunications136
Clive Tucker

Introduction
Types of satellite telecommunications systems and services
Key satellite contracts and issues
Operational contracts
Transponder leases
Service provision
Satellite regulatory issues

Chapter 9: Submarine fibre optic networks
Glenn S Gerstell and James C Liles

The current climate… a new glimmer of light at the end of the cable?
Challenges presented by the project finance scheme
Conclusion

Chapter 10: Mobile Virtual Network Operators174
Andrew McMillan

Introduction
What is an MVNO?
Rationale for the MVNOand the MNO
Regulation impacting upon MVNOs