We advised Main One Group, with an holding company in Mauritius and subsidiaries in Nigeria and Ghana, on a restructure aimed at remedying tax inefficiencies and other identified leakages, and at optimizing the group’s overall capital and operational structure. The restructure essentially involved the ceding/ transfer of a percentage of ownership interests in the group’s fibre optic subsea cable from the holding company to its respective subsidiaries. The key transaction agreements include a joint ownership agreement and a cost sharing agreement.