After much speculation, Trilogy International Partners Inc. has announced today that it is discussing with Macquarie Asset Management and Aware Super to assess whether a merger of Two Degrees Group Limited and Orcon Group Limited can be agreed.
Trilogy is the majority owner of 2degrees. Orcon Group is owned by Vocus Group Limited (“Vocus Group”), which was previously listed on the ASX and acquired by Macquarie Asset Management and Aware Super in July 2021.
The potential merger would bring together 2degrees’ and Orcon Group’s complementary assets across mobile, broadband and fixed-line services. With a shared challenger mindset, 2degrees and Orcon Group would create an integrated fixed-mobile business of scale, providing better service to customers in New Zealand’s mobile and fixed telecommunication markets.
Any combination of 2degrees and Orcon Group would be subject to required regulatory approvals, the satisfactory completion of due diligence, and the negotiation of final terms and definitive documentation. There can be no assurance that any transaction will be completed as described above or at all.
