Jenner & Block

Jenner & Block Crafts Innovative Sale of Client's Subsidiary

Jenner & Block represented Florida East Coast Industries in the sale of its telecommunications subsidiary, EPIK Communications.  EPIK, a "carriers' carrier" which provides wholesale telecommunications transport and related services, was purchased by Palo Alto-based Odyssey Telecorp on December 3, 2002.  The transaction was accomplished through an innovative structure that provided substantial tax benefits for the Firm's client and important working capital for EPIK's continued operations.