Voyage Digital (NZ) Limited completed the acquisition of Two Degrees Mobile Limited from Trilogy International Partners Inc. and Tesbrit B.V.
Mark Callander will be CEO of a combined 2degrees and Orcon Group business if the proposed merger between the two businesses gets regulatory and other approvals. The merged company would be known as 2degrees. The transaction is subject to required regulatory approvals, receipt of certain third party consents and the approval of Trilogy's shareholders at special meeting of common shareholders expected to be held in Q1 2022. SG Enterprises, II LLC, Brad Horwitz and Alignvest Management Corporation and certain of its affiliates, have entered into support agreements agreeing to vote their Trilogy common shares in favor of the transaction. Transaction is also subject to clearances from New Zealand Commerce Commission and other conditions including the Overseas Investment Office and Director-General of the Government Communications Security Bureau. The board of directors of Trilogy has unanimously approved the transaction. As of January 10, 2022, the transaction is submitted to New Zealand Commerce Commission for approval. The transaction is expected to close in first half of 2022. As on March 14, 2022, the transaction has been approved by The Commerce Commission. As on March 15, 2022, the transaction has been approved by shareholders of Trilogy International Partners Inc. As of April 28, 2022, the transaction has been approved by New Zealand Overseas Investment Office. The transaction is expected to close in second quarter of 2022. The transaction is expected to close by end of May 2022. Trilogy and Two Degrees are being advised by Montarne Partners and Macquarie Asset Management, Aware Super and Vocus Group Limited, parent of Voyage Digital are being advised by UBS. Grant Samuel and Associates Limited acted as fairness opinion provider for Trilogy's board. Simon Vannini of Simpson & Grierson acted as legal advisor to Voyage Digital (NZ) Limited.
Voyage Digital (NZ) Limited completed the acquisition of Two Degrees Mobile Limited from Trilogy International Partners Inc. (TSX:TRL) and Tesbrit B.V. on May 19, 2022.