A planned listing of New Zealand-based mobile operator 2degrees was hauled after its parent company Trilogy International Partners (TIP) entered in merger discussions with the owners of a local broadband operator.
In a statement on 8 October, TIP explained it was in talks with Macquarie Asset Management and Aware Super about merging 2degrees and New Zealand-based Orcon Group, a fully-owned subsidiary of Vocus Group.
TIP stated it agreed to pause the IPO preparations [1] of its subsidiary while a potential merger is discussed which would bring together 2degrees’ and Orcon’s “complementary assets” across mobile, broadband and fixed-line services.
The combination would create an integrated fixed-mobile business of scale, TIP added.
Any deal would be subject to completion of due diligence and standard regulatory approvals, it stated.
Vocus Group is an Australia-based fibre and network provider, which was acquired by Macquarie Asset Management and Aware Super in July 2021.
[1] https://www.mobileworldlive.com/asia/asia-news/2degrees-explores-ipo-on-nz-australia-exchanges
![\"IT電腦補習](\"http://itteacheritfreelance.hk/test/wordpress/wp-content/uploads/2016/05/logo2-2.png\"){kind=logo}
www.itsec.hk
www.itsec.vip
www.itseceu.uk
Leave a Reply