Home / People / Anne Chitan
Portrait of Anne Chitan

Anne Chitan

Partner
Global Co-Head of Communications, TMC

Contact
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English, Dutch, German, Romanian

Anne is a partner in the Finance Group. Her practice covers various industry sectors with a main focus on telecoms, media and technology. Anne is also qualified project manager.

Anne started her career in the global loans department of Allen & Overy before joining Olswang where she advised on a wide variety of deals in the technology, media and telecommunications sectors including Sportech plc, euNetworks, Cityfibre, the Shine Group and various lenders.

Anne has advised senior lenders, junior lenders and borrowers. Her experience includes dealing with the financing of a large retail business in financial difficulty, the financial restructuring of real estate portfolios, the sale and refinancing of a hotels portfolio and advising on intercreditor issues.

In addition, Anne is a transaction project management specialist working on improving deal efficiency and profitability with budget and deal management tools and process efficiency through process management exercises. Anne holds the PRINCE 2 Practitioner qualification (PRINCE 2 is a structured project management methodology).

Beyond project management Anne has a keen interest in developing innovative ways of working and providing legal services including with new technologies (including AI) and is one of the Innovation Champions of the firm. Anne also attends the meeting of the All Parties Parliamentary Group in Artificial Intelligence.

Accolades include the following in the Legal 500 2016: “Anne Chitan understands the commercial risk areas of a deal and can be trusted to run a transaction”. Anne was further recommended in the Legal 500 2017 in derivatives and structured products.

Anne has won numerous awards. The latest being Finance Monthly Global Awards as Banking Adviser of the Year UK and Banking and Finance Lawyer of the Year UK for 2017, Top Real Estate Advisors of 2016 in AI Magazine, Lawyer Monthly: Women in Law award in 2014, 2015 and 2016, listed as a rising star and then as super lawyer in Super Lawyers Magazine in 2013, 2014 and 2015 and shortlisted for Finance Monthly Law Awards in the category of Banking and Finance UK in 2014 and 2015.

Internally Anne has won the prestigious scholarship offered by CMS to participate in 2018 to the Building on Talent course run by the IMD.

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'Anne Chitan understands the commercial risk areas of a deal and can be trusted to run a transaction’.

Legal 500 UK 2016

Relevant experience

  • 2 financings for multi Oscar winner special effects company Double Negative and 2 financings for its parent animation and special effects company Prime Focus.
  • 2 multi-jurisdictional refinancings of AIM listed Sportech plc.
  • Multi-jurisdictional financing and related refinancings of ex-Singapore listed euNetworks Group.
  • Financing of Cityfibre Limited including in relation to the KCOM acquisition.
  • Refinancing of a high profile Soho club.
  • Murabaha financing of nursery business.
  • Real estate investment facilities for shopping centres in England and Scotland representing an aggregate debt of just over £500,000,000.
  • Real estate development facility for major media and technology hub in East London.
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Publications

  • 2018 - “Electronic signature of documents” – LMA News, #1 
  • Dec 2016 - "Project management in private practice: law change in methodology can improve client's experience and recovery" – Butterworths Journal of International Banking and Financial Law
  • Dec 2015 - "In Practice – TMT Finance: Part IV" in collaboration with Charles Kerrigan and Ruth Marken – Butterworths Journal of International Banking and Financial Law
  • Sept 2015 - "In Practice - TMT Finance: Part III" in collaboration with Charles Kerrigan and Ruth Marken - Butterworths Journal of International Banking and Financial Law
  • June 2015 - "In Practice - TMT Finance: Part II" in collaboration with Charles Kerrigan and Ruth Marken - Butterworths Journal of International Banking and Financial Law
  • Sept 2013 - "Borrowing from a fund: 10 points to watch out for in LMA documentation" in collaboration with Charles Kerrigan - Butterworths Journal of International Banking and Financial Law, (Vol. 28 - No. 8)
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Education

  • 2017 - PRINCE 2 Practitioner qualification (Structured project management methodology)
  • 2002 - Legal Practice Centre – Nottingham Law School
  • 2002 - Master of Letter Thesis (EC Law and Private International Law) - Oxford University
  • 2001 - Post-graduate Diploma in Law - Nottingham Law School
  • 1998 - Diplome d'Etudes Approfondies (Private International Law) Sorbonne University of Paris 1
  • 1997 - LLM (European Law and Human Rights) - Kings College London
  • 1992–1996 - Undergraduate degree in law – University of Paris XI – Sceaux, France
  • 1992–1996 - Diploma of translation in English and German - Institut Superieur d'Interpretation et de Traduction
  • 1995 -ERASMUS non-graduating degree in law - University of Edinburgh
  • PRINCE 2 Practitioner qualification (Structured project management methodology)
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Feed

10/06/2021
Pan­dem­ic em­phas­ises de­mand for di­git­al
Hy­brid work­ing re­quires in­vest­ment Al­though the roll out of 5G con­tin­ues around the globe, with 162 com­mer­cial net­works hav­ing launched world­wide at the time of writ­ing, pro­vi­sion is vari­able across dif­fer­ent geo­graph­ies. The pan­dem­ic has high­lighted the im­port­ance of re­li­able con­nectiv­ity and fast in­ter­net ac­cess, par­tic­u­larly in rur­al areas.Fast broad­band is now an es­sen­tial util­ity along­side power and wa­ter in many na­tions, pla­cing the tele­com­mu­nic­a­tions in­dustry in the spot­light. While the di­git­al trans­form­a­tion was well un­der­way pri­or to the pan­dem­ic, from smart in­fra­struc­ture and the In­ter­net of Things to di­git­al en­ter­tain­ment and di­git­al fin­ance, the cent­ral­ity of the in­ter­net in our daily lives was put in­to sharp fo­cus. As the ‘new nor­mal’ emerges, and flex­ible work­ing mod­els be­come more pre­val­ent, sig­ni­fic­ant di­git­al in­fra­struc­ture in­vest­ment to provide re­li­able, su­per­fast con­nectiv­ity is es­sen­tial. Pre-pan­dem­ic, 5G rol­lout was the fo­cus of many West­ern na­tions, and re­mains a pri­or­ity, but cov­er­age is frag­men­ted. It is still un­clear how net­works will be con­sol­id­ated where a mix of equip­ment has been used.COV­ID-19 has demon­strated the need for in­vest­ment in a bal­anced range of di­git­al tech­no­lo­gies. The use of cloud ser­vices con­tin­ues to grow and, dur­ing 2020 and 2021, it has been used as much for col­lab­or­a­tion as for stor­ing con­tent. From data centres to sub­sea cables, satel­lite in­ter­net and Smart Cit­ies, the glob­al ac­cel­er­a­tion of di­git­al trends of­fers up many in­fra­struc­ture in­vest­ment op­por­tun­it­ies. Geo­graphy driv­ing choice of tech­no­logy In densely pop­u­lated areas of de­veloped and emer­ging eco­nom­ies, new op­er­at­ors are rolling out fibre when the eco­nom­ics stack up. New fibre com­pan­ies are provid­ing neut­ral host struc­tures that are offered on a whole­sale basis to op­er­at­ors. In Feb­ru­ary 2021, KKR an­nounced it had entered in­to an agree­ment with Tele­fón­ica to es­tab­lish Chile’s first open ac­cess whole­sale fibre op­tics com­pany and, in Po­land, Or­ange Pol­ska and APG Group have formed a joint ven­ture to rol­lout a fibre net­work to 1.7m house­holds.In more rur­al loc­a­tions, where the unit costs of fibre are less fa­vour­able and the chal­lenge of con­nect­ing ‘the last mile’ is more acute, pro­viders are im­ple­ment­ing solu­tions such as fixed wire­less, mo­bile broad­band and satel­lite. Space: the new fron­ti­er Starlink is the satel­lite net­work that SpaceX is de­vel­op­ing to provide low-cost in­ter­net to re­mote loc­a­tions and in April 2021, the US Fed­er­al Com­mu­nic­a­tions Com­mis­sion ap­proved SpaceX’s pro­pos­al to modi­fy its Starlink satel­lite li­cence. Re­por­ted to cost more than USD 10bn, the net­work of thou­sands of satel­lites is de­signed to de­liv­er high-speed in­ter­net any­where on the plan­et.Sim­il­ar plans for space-based in­ter­net are be­ing launched by OneWeb, whose ma­jor stake­hold­ers in­clude Eu­telsat, the UK gov­ern­ment and In­dia’s Bharti Glob­al. OneWeb’s fleet of 648 Low Earth Or­bit satel­lites are ex­pec­ted to de­liv­er high-speed, low-latency con­nectiv­ity to Alaska, North­ern Europe, Green­land, Ice­land, the Ar­tic Seas and Canada later this year, and glob­ally by the end of 2022. Data Centres to sup­port col­lab­or­a­tion while re­du­cing en­vir­on­ment­al foot­print As work­ers col­lab­or­ate re­motely and on­line trad­ing in­creases, latency be­comes more prob­lem­at­ic; more loc­al­ised data centres help re­duce the delays. It is not enough to have su­per­fast in­ter­net on the edges of the net­work, the sup­port­ing di­git­al in­fra­struc­ture must be out on the edge too.Data centres, while cent­ral to di­git­al trans­form­a­tion, are highly en­ergy in­tens­ive. Giv­en glob­al com­mit­ments on green­house gas emis­sions, the in­dustry is mak­ing strides to di­ver­si­fy data centre power gen­er­a­tion sources, with re­new­ables in­cor­por­ated in­to the mix. In­fra­struc­ture is be­ing built and up­graded to im­prove the en­ergy ef­fi­ciency of data centres, par­tic­u­larly in man­aging the cool­ing pro­cess. Big Tech is lead­ing the charge Many di­git­al in­fra­struc­ture pro­jects are be­ing driv­en by the large, mostly US, tech firms.Mi­crosoft, which op­er­ates more than 200 data centres, is plan­ning to build between 50 and 100 more each year ‘for the fore­see­able fu­ture’ as its Azure cloud foot­print grows. This in­cludes es­tab­lish­ing a pres­ence in ten new coun­tries by the end of 2021.Apple has plans to spend an ex­tra USD 80bn in the US over the next five years, open­ing new fa­cil­it­ies and de­vot­ing re­sources to fu­ture tech­no­lo­gies in­clud­ing 5G.Face­book re­cently an­nounced that it is in­vest­ing in two sub­sea cables con­nect­ing Singa­pore and In­done­sia to North Amer­ica.Google has in­ves­ted in at least fif­teen sub­sea fibre cable pro­jects.Amazon is a part-own­er of two cables and a ma­jor ca­pa­city buy­er of ca­pa­city in three oth­ers.Chinese com­pany Heng­tong Op­tic-Elec­tric Co. is build­ing its ‘Peace Cable’ for PCCW Glob­al and Or­ange and it will reach Mar­seille from China via Pakistan and East Africa in late-2021. Spe­cial­ist funds provid­ing fin­ance There is a rise in spe­cial­ist funds that only in­vest in di­git­al in­fra­struc­ture; Cube In­fra­struc­ture Man­agers in Lux­em­bourg has a vehicle in­vest­ing purely to sup­port fibre rol­lout in areas of Europe where high-ca­pa­city net­works are not yet de­ployed. In­sti­tu­tion­al in­vestors with long-term views now see tele­coms as a core strategy.With di­git­al now seen as crit­ic­al in­fra­struc­ture, in­creased For­eign Dir­ect In­vest­ment (FDI) con­trols are im­pact­ing on the deals in the di­git­al in­fra­struc­ture space. As na­tions fo­cus on se­cur­ity of sup­ply and crit­ic­al in­fra­struc­ture, they are in­creas­ingly scru­tin­ising who is be­hind each in­vest­ment.The pan­dem­ic has amp­li­fied the need for spend­ing on di­git­al in­fra­struc­ture, provid­ing in­vest­ment op­por­tun­it­ies across the globe. Where pre­vi­ously we saw com­pan­ies vy­ing for prime of­fice real-es­tate, the fu­ture will more likely see them com­pet­ing for the best data centre loc­a­tions. Soar­ing de­mand for cloud and in­ter­net-based ser­vices in Africa, for ex­ample, has seen large tech com­pan­ies, in­clud­ing the likes of Google, Amazon and Mi­crosoft, con­tin­ue to open data centres across the con­tin­ent.
01/06/2021
The Rise of Tower­Cos, Fibre­Cos and Net­Cos
One of the biggest trends in the last 12-18 months has been the di­vest­ment of pass­ive as­sets by mo­bile net­work op­er­at­ors (MNOs). While it ex­is­ted pre­vi­ously, this is now an ac­cel­er­at­ing world­wide phe­nomen­on. One cru­cial com­pon­ent is the will­ing­ness of MNOs to dis­pose of their in­fra­struc­ture in­to a newly cre­ated com­pany (some­times on a joint ven­ture basis), which op­er­ates either on a cap­tive basis or as a neut­ral host net­work opened to oth­er op­er­at­ors. The deals are of­ten backed by a whole­sale deal between the new in­fraco and the di­vest­ing op­er­at­or. There are demon­strated be­ne­fits for tel­cos opt­ing to hive off tower­cos and fibre­cos:re­lease cap­it­al­mon­et­ise as­set port­fo­li­osre­duce costs of cap­it­alre­duce capex­op­tim­ise and di­ver­si­fy sources of fin­an­cing for in­fra­struc­ture de­ploy­mentsin­crease ef­fi­cien­cies­And for in­vestors:at­tract­ive long-term op­por­tun­it­ieslow-risk po­s­i­tion­spre­dict­able re­turns and rev­en­ues
05/05/2021
CMS ad­vises Macquar­ie Cap­it­al on the ac­quis­i­tion of rur­al fibre op­tic as­sets...
In­ter­na­tion­al law firm CMS ad­vised in­vest­ment fund Macquar­ie Cap­it­al as main in­vestor, to­geth­er with Daiwa En­ergy & In­fra­struc­ture and Ab­er­deen Stand­ard In­vest­ments, on the ac­quis­i­tion of a ma­jor­ity...
19/04/2021
New in­vest­ment mod­els for tele­coms in­fra­struc­ture
Out of the tur­bu­lence of 2020, one sec­tor is emer­ging re­ju­ven­ated – tele­coms. The new mega deals, es­pe­cially when it comes to di­git­al in­fra­struc­ture, at­test to it. This is the ac­cel­er­a­tion of a trend, rather than a new phe­nomen­on. If any­thing, lock­downs im­posed to handle the COV­ID-19 pan­dem­ic have only served to ac­cel­er­ate de­mand.
17/03/2021
The Mo­bile Cen­tury: The Fu­ture Re­ima­gined
A pub­lic­a­tion of the Glob­al Tele­com Wo­men’s Net­work
04/03/2021
The Mo­bile Cen­tury 2021: The Fu­ture Re­ima­gined
Presen­ted by: CMS is de­lighted to be sup­port­ing the Glob­al Tele­com Wo­men’s Net­work (GT­WN) as spon­sor of the pub­lic­a­tion of its an­nu­al magazine, The Mo­bile Cen­tury, which will be re­leased on 4 March...
16/02/2021
CMS Ex­pert Guide to 5G reg­u­la­tion and law
At the start of a New Year, most people agree that 5G will change our lives for the bet­ter. Un­like earli­er mo­bile gen­er­a­tions, 5G will not only mark a rad­ic­al change in the way we com­mu­nic­ate (low latency...
Comparable
07/12/2020
Top 5 take aways from re­cent fibre roll out fin­an­cing trans­ac­tions
The last three years have seen a large amount of activ­ity in the tele­coms in­fra­struc­ture mar­ket in the UK, boos­ted by the rise and en­ergy of al­tern­at­ive net­work pro­viders (the “alt­nets”). However...
04/11/2020
The Law Com­mis­sion’s State­ment of Law: Ex­e­cu­tion with an elec­tron­ic sig­na­ture...
The COV­ID-19 pan­dem­ic has made the in-per­son sign­ing of deeds and doc­u­ments im­prac­tic­al and cre­ated a na­tion of ‘re­mote’ work­ers.Mer­cury-com­pli­ant ‘vir­tu­al sign­ings’ (where the sig­na­ture page...
04/11/2020
Elec­tron­ic Sig­na­tures & E-Sign­ing Plat­forms
Some pro­cess changes aren’t glam­or­ous or ex­cit­ing, but can save costs, drive im­proved com­pli­ance and audit­ab­il­ity and simply make what would oth­er­wise be time-con­sum­ing tasks much easi­er. The ad­op­tion...
09/06/2020
The Law Com­mis­sion’s State­ment of Law: Ex­e­cu­tion with an elec­tron­ic sig­na­ture...
The COV­ID-19 pan­dem­ic has made the in-per­son sign­ing of deeds and doc­u­ments im­prac­tic­al and cre­ated a na­tion of ‘re­mote’ work­ers. Mer­cury-com­pli­ant ‘vir­tu­al sign­ings’ (where the sig­na­ture page...
21/04/2020
Apero
It's Day 29 in the Big Broth­er House and the house­mates have settled in­to some sort of lock down routine, much of which is punc­tu­ated by stay­ing in touch with the World via viedo link. While the chil­dren's...