Icelandic billionaire picks Lehman and Goldman for telecoms

Lehman Brothers and Goldman Sachs are to advise billionaire Bjorgolfur Thor Bjorgolfsson, Iceland's first billionaire, on telecommunication investments in northern and central Europe.

In an interview with Bloomberg, Bjorgolfsson said: "We have given the banks a deadline of early July."

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump