2degrees to list on Toronto Stock Exchange in wider deal

Pattrick Smellie
Wed, 02 Nov 2016

By Pattrick Smellie Nov. 2 (BusinessDesk) - New Zealand's third-placed mobile operator, Two Degrees Mobile, is to become listed on the Toronto Stock Exchange as part of a wider deal that sees its Canadian owners sell their 62.9 percent interest in the company into a new entity. The transaction is being funded mainly by a recently listed Canadian cash-box, Alignvest Acquisition Corp (AQX), which raised US$202 million in an initial public offering on the Toronto Stock Exchange in June last year and has been seeking an investment opportunity...
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