Alignvest Acquisition to combine with telecom company Trilogy

Alignvest Acquisition Corp (TSX: AQX.A), a Canadian special purpose acquisition corporation (SPAC), has agreed to combine with Trilogy International Partners LLC, a U.S. provider of wireless communication services through operating companies in New Zealand and Bolivia. The deal, which is Alignvest's qualifying acquisition, will see the SPAC invest US$269 million to secure a 51 percent equity interest in Trilogy. It is expected to close in Q1 2017. Alignvest is one of several Canadian SPACs launched via initial public offering in 2015. Another, INFOR Acquisition Corp, cancelled its deal with ECN Capital earlier this month.

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