Global law firm Norton Rose Fulbright has advised Post Office Limited on the sale of its home phone and broadband business to Shell Energy Retail Limited.
The deal was signed on February 1, 2021, and completion is expected to take place in mid-March. The transaction enables the Post Office to concentrate and invest in its core products and services - mail, banking, bills and travel products.
The Post Office telecommunications business supplies approximately 500,000 customers with home phone and broadband services and has been operated by the Post Office since 2007. The Post Office customers will be migrated to the new supplier on March 15, 2021.
The Norton Rose Fulbright London-based corporate team was led by partner Oliver Stacey and included senior associates Victoria Scopes and Mark Maurice, associates Juliet Gordon, Rebecca Lander and Dan Harman. The team also included partners Dominic Stuttaford, Catrina Smith, Lesley Browning, Marcus Evans, James Russell, Zayed Al Jamil, Ruth Cowley, Ian Giles and Susanna Rogers. The team was further assisted by counsels Judy Harrison, Nick Howard and Giannis Waymouth, senior associates Jason Logendra and Andrew Judkins and associates Fiona Bundy-Clarke, Will Garton and Alice Routh.
The deal team was assisted by Melissa Henderson and Mohammad Khan in Newcastle, as well as Sharlene Jones and Peace Onuoha in the Legal Project Management team.