Hogan Lovells is advising Internet Mobile Communications Limited, a marketplace platform used by mobile telecoms operators to trade wholesale routing capacity, on its go-public merger with a special purpose acquisition company.

White & Case is advising the Cayman Islands-based SPAC, Crystal Peak Acquisition, which is listed on the Euronext Amsterdam market. If the transaction closes as expected by June 2023, the combined company, renamed IMC, would be listed on the Euronext Amsterdam. The deal values the combined company at around $450 million, according to a statement.

Internet Mobile Communications, a fintech company incorporated in 2012, is headquartered in Chelmsford, UK. Its Bank of Telecom marketplace offers voice carriers, aggregators, and SMS service providers a secure and automated platform for “near real time trading” of active voice and SMS interconnection routes to every country in the world, the statement said.

The company says its marketplace, which allows its partner base of over 1,700 operators worldwide to make same-day settlements, helps overcome telecom industry challenges and increases operational efficiency.

Internet Mobile Communications CEO and founder Mark Stewart will continue to lead the combined company, and Crystal Peak founder Michael Tobin will join its board, the companies said.

Hogan Lovells said its team advising IMC was led by partners Daniel Simons in London and Danielle du Bois-Buné in Amsterdam.