Trilogy International Partners Inc. Completes First Closing Related to US$100 Million Bolivia Tower Sale and Leaseback Transaction

BELLEVUE, Wash., Feb. 26, 2019 (GLOBE NEWSWIRE) -- Trilogy International Partners Inc. (“TIP Inc.”) (TSX: TRL), an international wireless and fixed broadband telecommunications operator, today announced that its Bolivian subsidiary, NuevaTel, completed the initial closing related to the previously announced agreement to sell approximately 600 of NuevaTel’s towers to a Bolivian subsidiary of Phoenix Tower International for cash proceeds of approximately US$100 million.

The initial closing included 400 towers and resulted in tower sale cash consideration of US$65 million.  Subsequent closings are expected to be completed over the remainder of the year.

It is expected that NuevaTel’s operating expenses will increase by approximately US$8 million on an annual run rate basis, once all anticipated closings have occurred.

TIP Inc. expects that total proceeds will be impacted by capital gains taxes and based on the Bolivian statutory tax rate of 25%. 

Use of proceeds are currently being evaluated by TIP Inc. and are expected to provide funding for reinvestment in capital expenditures and spectrum renewal costs, as well as general corporate purposes.

About Trilogy International Partners Inc.

Trilogy International Partners Inc. (TSX: TRL) is the parent company of Trilogy International Partners LLC (“Trilogy LLC” or “Trilogy”), a wireless and fixed broadband telecommunications operator formed by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz. Trilogy's founders have an exceptional track record of successfully buying, building, launching and operating communication businesses in 15 international markets and the United States. 

Trilogy currently provides wireless and fixed broadband communications services through its operating subsidiaries in New Zealand and Bolivia. Its head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004 USA. 

For more information, visit www.trilogy-international.com. 

About Forward-Looking Information

Forward-looking information and statements
This press release contains “forward-looking information” within the meaning of applicable securities laws in Canada and “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 of the United States of America.  Forward-looking information and forward–looking statements include, but are not limited to, statements regarding the closings of the tower sale; the timing thereof and the expected proceeds therefrom; use of proceeds; satisfaction of closing conditions; the anticipated impact of the tower sale on NuevaTel’s operating expenses; and TIP Inc.’s estimate of capital gains taxes. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “estimates”, “plans”, “targets”, “expects” or “does not expect”, “an opportunity exists”, “outlook”, “prospects”, “strategy”, “intends”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, estimates, projections or other characterizations of future events or circumstances contain forward-looking information and statements.

Forward-looking information and statements are provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information and statements may not be appropriate for other purposes. Forward-looking information and statements contained herein are based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. These opinions, estimates and assumptions include but are not limited to: that the conditions to the various closings of the tower sales will be satisfied; general economic and industry growth rates; currency exchange rates and interest rates; product pricing levels and competitive intensity; income tax; subscriber growth; pricing, usage, and churn rates; changes in government regulation; technology deployment; availability of devices; timing of new product launches; content and equipment costs; vendor and supplier performance; the integration of acquisitions; industry structure and stability; and data based on good faith estimates that are derived from management’s knowledge of the industry and other independent sources. Despite a careful process to prepare and review the forward-looking information and statements, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct.

Numerous risks and uncertainties, some of which may be unknown, relating to TIP Inc.’s business could cause actual events and results to differ materially from the estimates, beliefs and assumptions expressed or implied in the forward-looking information and statements. Among such risks and uncertainties are those that relate to  the conditions to completion of the remaining closings of the transaction not being satisfied; that an event, change or other circumstance that could give rise to the termination of the transaction will occur; receipt of required regulatory approvals; Trilogy LLC’s and TIP Inc.’s history of losses; TIP Inc.’s and Trilogy LLC’s status as holding companies; TIP Inc.’s significant level of indebtedness and the refinancing, default and other risks, as well as limits, restrictive covenants and restrictions resulting therefrom; TIP Inc.’s or Trilogy LLC’s ability to incur additional debt despite their indebtedness levels; TIP Inc.’s or Trilogy LLC’s ability to refinance their indebtedness; the risk that TIP Inc.’s or Trilogy LLC’s credit ratings could be downgraded; TIP Inc. having insufficient financial resources to achieve its objectives; risks associated with any potential acquisition, investment or merger; the significant political, social, economic and legal risks of operating in Bolivia; TIP Inc.’s operations being in markets with substantial tax risks and inadequate protection of shareholder rights; the need for spectrum access; the regulated nature of the industry in which TIP Inc. participates; the use of “conflict minerals” and the effect thereof on availability of certain products, including handsets; anti-corruption compliance; intense competition; lack of control over network termination, roaming and international long distance revenues; rapid technological change and associated costs; reliance on equipment suppliers; subscriber “churn” risks, including those associated with prepaid accounts; the need to maintain distributor relationships; TIP Inc.’s future growth being dependent on innovation and development of new products; security threats and other material disruptions to TIP Inc.’s wireless networks; the ability of TIP Inc. to protect subscriber information and cybersecurity risks generally; health risks associated with handsets; litigation, including class actions and regulatory matters; fraud, including device financing, customer credit card, subscription and dealer fraud; reliance on limited management resources; risks associated with the minority shareholders of TIP Inc.’s subsidiaries; general economic risks; natural disasters including earthquakes; foreign exchange and interest rate changes; currency controls; interest rate risk; TIP Inc.’s ability to utilize carried forward tax losses; risks that TIP Inc. may not pay dividends; tax related risks; TIP Inc.’s dependence on Trilogy LLC to pay taxes and other expenses; Trilogy LLC may be required to make distributions to TIP Inc. and the other owners of Trilogy LLC; differing interests among TIP Inc.’s and Trilogy LLC’s equity owners in certain circumstances; an increase in costs and demands on management resources when TIP Inc. ceases to qualify as an “emerging growth company” under the U.S. Jumpstart Our Business Startups Act of 2012; additional expenses if TIP Inc. loses its foreign private issuer status under U.S. federal securities laws; volatility of TIP Inc.’s common shares price; dilution of TIP Inc.’s common shares; market coverage; TIP Inc.’s internal controls over financial reporting; new laws and regulations; and risks as a publicly traded company, including, but not limited to, compliance and costs associated with the U.S. Sarbanes-Oxley Act of 2002 (to the extent applicable). 

Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information and statements herein, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information herein.  Please see our continuous disclosure filings available under TIP Inc.’s profile at www.sedar.com and at www.sec.gov for information on the risks and uncertainties associated with our business.

Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained herein represent our expectations as of the date hereof or the date indicated. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Ann Saxton                                              
Vice President, Investor Relations & Corporate Development 
+1 (425) 458-5900
ann.saxton@trilogy-international.com

CenturyLink deploys fiber gigabit internet service to Fish Lake Township

February 18 event to celebrate new ultra-fast fiber internet speeds

FISH LAKE TOWNSHIP, Minn., Feb. 14, 2019 – More than 900 residents and businesses in Fish Lake Township now have access to fiber gigabit internet speeds up to 1,000 Mbps due to investments from CenturyLink, Inc. (NYSE: CTL) and Fish Lake Township, as well as a $1.8 million grant from Minnesota’s Border to Border Broadband Development Grant Program.

CenturyLink is delivering Fiber to the Home (FTTH) technology in Fish Lake Township as part of its participation in the Federal Communications Commission’s Connect America Fund (CAF) program and its commitment to meet the broadband needs of residents and local businesses in Minnesota.

“From telemedicine to students doing homework, broadband access is essential to our everyday life,” said Sen. Mark W. Koran, R-North Branch. “I’m proud to have supported and continue to support the Border to Border grant program that enabled this partnership with CenturyLink and Fish Lake Township. This fiber to the home broadband expansion brings 21st century access to the businesses and households in our area.”

“CenturyLink knows that life is powered by connections and that communities benefit from fiber internet speeds,” said Dan O’Connell, CenturyLink senior director, Northeast region. “The state broadband grant program, coupled with CenturyLink’s local investment, is a great example of the public and private sectors working together to provide connectivity that helps meet our customers’ personal and business needs.”

For more information or to order gigabit service, residents can contact Darren Larson, CenturyLink retail sales, at (612) 412-5113 or at darren.larson@centurylink.com.

Key Facts

• A ribbon-cutting ceremony was held at 9 a.m. Feb. 18 at 2170 Brunswick Road in Harris, Minn. The public was invited to attend.

• For existing CenturyLink customers, our policy is to cover the cost of the first 700’ and the customer would pay excess construction charges for the difference between the first 700’ and the actual length of the drop – this is being waived through March 31. For new customers, we charge excess construction for the entire drop regardless of length and is not subject to being waived.

Additional resources

• A survey conducted by Chisago County prior to the fiber project found that Fish Lake Township residents were interested in utilizing the many benefits of faster internet speeds: http://www.ci.north-branch.mn.us/CCBSR.pdf. Highlights include:

  • Telecommuting: 35 percent said they would telecommute. Currently, 66 percent of the residents commute 30 miles or more to work.

  • Education: 45 percent said they would use high-speed internet for student access. With fiber internet, residents can take college classes while living in Chisago County.

  • Quality of Life: 86 percent said they would use it for web surfing and social networking. 20.4 percent said they would access telehealth, 79.8 percent said they would use it for entertainment, and 36.5 percent for gaming.

  • Economic Development: 31 percent said they would operate a business. Faster speeds can help a business innovate and grow.

About CenturyLink

CenturyLink (NYSE: CTL) is the second largest U.S. communications provider to global enterprise customers. With customers in more than 60 countries and an intense focus on the customer experience, CenturyLink strives to be the world’s best networking company by solving customers’ increased demand for reliable and secure connections. The company also serves as its customers’ trusted partner, helping them manage increased network and IT complexity and providing managed network and cyber security solutions that help protect their business.

For further information: Stephanie Meisse, (419) 755-8433, Stephanie.N.Meisse@centurylink.com

Morgan Stanley to Acquire Solium, Creating a Leading Provider of Stock Plan Administration and Workplace Wealth Solutions

Strategy complements core Financial Advisor channel as source of new clients

NEW YORK/CALGARY – Morgan Stanley (NYSE: MS) has entered into a definitive agreement to acquire Solium Capital Inc. (TSX: SUM) (“Solium”), a leading global provider of software-as-a-service (SaaS) for equity administration, financial reporting and compliance. With this acquisition, Morgan Stanley is positioned to be an industry leader in Workplace Wealth Solutions, bringing together a major stock plan administration platform with a leading Wealth Management business.

Solium’s 3,000 stock plan clients, with one million participants, include Instacart, Levi Strauss, Shopify and Stripe and a range of fast growing private companies, as well as newly public companies. Morgan Stanley has 320 stock plan clients, with 1.5 million participants, of which a quarter are in the Fortune 500. This combination will create a leading provider of stock plan administration services and Workplace Wealth. Solium has a strong business-to-business salesforce, an industry-leading cloud-based service platform and is a leader in private company equity administration, which will complement and strengthen Morgan Stanley’s offering.

Morgan Stanley has been building a comprehensive suite of digital tools that will support expansion within the Workplace Wealth marketplace. Morgan Stanley entered into a partnership with Solium in 2016 to administer equity compensation plans for Morgan Stanley’s corporate clients and their employees.

“The acquisition provides Morgan Stanley with broader access to corporate clients and a direct channel to their employees, as well as a greater opportunity to establish and develop relationships with a younger demographic and service this population early in their wealth accumulation years,” said James Gorman, Chairman and CEO.

This is expected to enhance Morgan Stanley’s client acquisition efforts in a manner that complements the Financial Advisor channel, which constitutes the core of Morgan Stanley’s strategy. As plan participants build their wealth, and their needs become more complex, there is a natural transition to an Advisor-based relationship. Younger plan participants in the earlier stages of their careers can elect to be served by the Firm’s Morgan Stanley Access Investing and Morgan Stanley Virtual Advisor channels.

Marcos Lopez, CEO of Solium, will remain with the company and be based in Calgary.

“We view this acquisition as part of our broader, longer-term strategy, leveraging our digital capabilities in the workplace,” said Andy Saperstein, Co-Head of Wealth Management. “By combining stock plan administration, 401(k), other forms of deferred compensation, employee Financial Wellness education and our core Goals-Based Planning technology, we plan to create an integrated ‘Morgan Stanley Wealth Portal,’ which will offer employers the opportunity to deliver tailored financial counseling and industry leading advice to their employees.”

Morgan Stanley will acquire all of the issued and outstanding common shares of Solium for

CAD 19.15 per share in cash, representing a total equity value of approximately CAD 1.1 billion ($0.9 billion). The transaction is expected to have a minimal impact on the Firm’s earnings and capital ratios. Morgan Stanley does not anticipate any adjustments to the share repurchases in the first or second quarter of 2019 that were included as part of the Firm’s 2018 Capital Plan. The transaction is expected to close in the second quarter of 2019, subject to court, Solium shareholder and regulatory approvals, and other customary closing conditions.

Davis Polk & Wardwell LLP and Osler, Hoskin & Harcourt LLP are serving as legal advisors to Morgan Stanley in connection with the transaction.

About Solium

Solium provides cloud-enabled services for global equity administration, financial reporting and compliance. From offices in the United States, Canada, the United Kingdom, Europe and Australia, Solium’s innovative software-as-a-service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 100 countries. For more information about Solium, please visit Solium.com.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing investment banking, securities, investment management and wealth management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

This press release may contain forward-looking statements, including the attainment of certain financial and other targets, objectives and goals. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made, which reflect management’s current estimates, projections, expectations, assumptions, interpretations or beliefs and which are subject to risks and uncertainties that may cause actual results to differ materially. For a discussion of risks and uncertainties that may affect the future results of the Firm, please see “Forward-Looking Statements” immediately preceding Part I, Item 1, “Competition” and “Supervision and Regulation” in Part I, Item 1, “Risk Factors” in Part I, Item 1A, “Legal Proceedings” in Part I, Item 3, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 and “Quantitative and Qualitative Disclosures about Market Risk” in Part II, Item 7A in the Firm’s Annual Report on Form 10-K for the year ended December 31, 2017 and other items throughout the Form 10-K, the Firm’s Quarterly Reports on Form 10-Q and the Firm’s Current Reports on Form 8-K, including any amendments thereto.

Media Relations Contacts: David P. Walker, 914.225.1010; Susan Siering, 212.761.6030

Mid Europa Completes Acquisition of intive

Mid Europa Partners, the leading private equity investor in Central and Eastern Europe, announced today that it has completed the acquisition of intive S.A.

intive is a leading international provider of software development services with over 1,600 qualified specialists in 19 offices worldwide. Combining design and technology, intive has become the digitalisation partner of choice for many international corporations across multiple industry verticals including automotive, high-tech, industrial, media, as well as consumer and financial services.

VIRGIN MEDIA TRIALS UK’S FASTEST HOME BROADBAND SPEEDS.

Virgin Media is trialling the UK’s fastest home broadband after successfully testing a connection offering speeds of more than 8Gbps to homes in Papworth, Cambridgeshire.

The hyperfast connection uses Virgin Media’s existing fibre network to provide download speeds more than 200 times faster the UK average.

The trial, made possible through continued network investment and collaboration with Liberty Global, is delivered using an existing fibre-to-the-premises (FTTP) connection meaning that no dedicated line is required.

The connection supports simultaneous upload and download speeds of more than 8Gbps.

The six-month trial is expected to connect 50 homes in Papworth.

Richard Sinclair, Executive Director of Connectivity at Virgin Media, said: “As the UK’s fastest widely available broadband provider, we’re committed to making Britain faster and this trial pushes the boundaries of what’s possible.

“Whether it’s streaming UHD movies on Netflix, playing the latest games online or video conferencing, faster internet connections have changed our lives immeasurably over the past decade. As speed leaders, Virgin Media is not going to stand still; this trial is about looking ahead to the next decade and beyond.

“With the volume of our customers’ internet usage almost doubling every year, trials like this will ensure we have the capability to meet the demand of data-hungry services in the future – be that over cable or full fibre.”

Applied futurist, Tom Cheesewright, who has reviewed the trial said: “Each new leap in internet speeds has spurred a new round of innovation in digital services. Today we are just starting to glimpse the immersive communication and entertainment opportunities that speeds like this will enable, bringing the physical and digital worlds together into a rich, interactive environment.”

The connection speed was tested and independently

verified by Ofcom’s technical partner, SamKnows, who fast tracked the development of a brand new speed testing tool specifically designed to test multi-gigabit connections.

In this trial data is transferred along fibre optic cables using EPON (Ethernet Passive Optical Network) technology – a global point-to-point network standard.

EPON is typically used to deliver up to 1Gbps speeds to UK homes, but Virgin Media has been working with technology partner, ARRIS, to trial new equipment and software to increase the speeds that its residential fibre network is capable of delivering.

With this connection speed users can:

• download a high-definition film of 5GB in five seconds

• download an ultra-high definition 4k film of 20GB in 20 seconds

• download a video game of 99GB in less than two minutes

• upload 300 high resolution photos totalling 3GB in three seconds

Virgin Media, through backing from its parent company Liberty Global, is currently investing billions of pounds to expand its network to millions more homes and businesses as part of its Project Lightning expansion programme.

Virgin Media has the largest gigabit-capable network in the UK which currently passes more than 14 million premises. The network consists of both fibre-rich cable and fibre connected directly to premises.

Morgan Stanley Capital Partners Completes Investment in Clarity Software Solutions

NewYork — Investment funds managed by Morgan Stanley Capital Partners (“MSCP”), a Private Equity team within Morgan Stanley Investment Management, announced today that they have completed an investment in Clarity Software Solutions (“Clarity” or the “Company”). MSCP is partnering with the current management team led by founder Sean Rotermund, who will remain CEO and continue to drive organic growth and product development during the investment. Clarity marks the ninth platform investment in MSCP’s North Haven Capital Partners Fund VI (“NHCP VI”) and the first healthcare investment. 

Headquartered in Madison, CT, Clarity is a data and technology driven provider of member communication solutions for health insurance payors, third party administrators (“TPAs”), and dental insurance companies. The Company’s software collects, consolidates and cleanses its customers’ data from multiple sources to generate compliant and personalized digital member communications across the enrollment, claims and payments, and compliance functions of its customers. 

Steve Rodgers, Managing Director of Morgan Stanley Capital Partners, said, “We are excited to partner with Clarity and its talented management team. The company has developed an innovative product that addresses the complex process of member communications for today’s healthcare organizations and we look forward to working together to build on this growth.” Rodgers joined MSCP in 2018 to lead health care investing for the platform. 

Jim Howland, Managing Director and Operating Partner of Morgan Stanley Capital Partners, added, “We are delighted to work with Sean Rotermund, Steve Mongelli and the Clarity team  and partner together as they continue to provide comprehensive engagement solutions that deliver differentiated value  to their customers.” 

Sean Rotermund, Founder and Chief Executive Officer of Clarity, said, “We are excited to team up with Morgan Stanley Capital Partners as we enter a new phase of growth to broaden our market presence and drive enhanced value to our customers.  We are proud of the work we’ve accomplished and expect this new partnership to enrich our already strong foundation of operational excellence and superior customer experience.” 

This investment is a continuation of MSCP’s focus on outsourced service providers that offer best in class solutions and reduce pain points for clients. Clarity follows other NHCP VI investments in outsourced providers which include CoAdvantage, a comprehensive HR and benefits provider to small and medium sized businesses and 24 Seven, a provider of digital and creative human capital management services. 

TripleTree, LLC acted as the exclusive financial advisor to Clarity. 

About Morgan Stanley Capital Partners

Morgan Stanley Capital Partners, the middle-market focused private equity business of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over two decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments in North America and seeks to create value in portfolio companies primarily through operational improvement. For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com. 

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 663 investment professionals around the world and $463 billion in assets under management or supervision as of December 31, 2018. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com. 

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.   

CRC 2394124 01/2019

Media Relations: Lauren Bellmare, 212.761.5303

Horizon Capital hits hard cap with $200m for its third Ukraine-focused fund, the largest fund raised for Ukraine in a decade

Horizon Capital, a U.S. private-equity firm investing in high growth and export-driven companies in Ukraine and the near region, has closed its third fund, Emerging Europe Growth Fund III, L.P. (“EEGF III”, the “Fund”), at its $200 million hard cap, far surpassing the $150 million target.  In what marks the largest private equity fund raised for Ukraine in a decade, Horizon’s EEGF III received strong backing from existing and new investors, attracted by the excellent value, fast growth and abundance of opportunities that Ukraine offers. Led by Founding Partners Lenna Koszarny and Jeffrey C. Neal and Senior Partner Denis Tafintsev, Horizon manages over $850 million in assets from investors with a capital base exceeding $350 billion.  Its Ukraine-focused funds have invested over $650 million in 140 companies employing over 46,000 people.

“Our fundraising success should send a strong signal that Ukraine offers tremendous rewards for those willing to look past the headlines”, said Lenna Koszarny, Horizon Capital’s Founding Partner and CEO.  “This fund is a testament to our long-term, valued investor relationships, our strong team of talented professionals and export-focused investment strategy, and our solid track record of successful investing in this country.  Since our first close last year, the new fund has already made six compelling investments and will close many more exciting deals in the years to come”.

EEGF III was launched with an anchor commitment from Western NIS Enterprise Fund and attracted investments from the EBRD, FMO, IFC, PROPARCO, DEG, IFU with over one-third of capital raised from institutional investors, foundations, family offices and other private investors. The new fund enjoys strong backing from existing investors of Horizon Capital’s prior funds, who contributed over 55% of total commitments.  U.S. and Europe-based investors contributed roughly 35% each of total capital raised, with the remainder from other international investors.

EEGF III’s investment strategy is focused on fast-growing, export-oriented companies that leverage Ukraine’s cost competitive platform to generate global revenues primarily in IT, light manufacturing, food and agriculture. The Fund will also pursue investments in select, high-growth domestic market segments, including e-commerce, healthcare and pharma, consumer goods and financial services.  Investments will range from $5-20 million and be made over the next 2-3 years.

Jeffrey Neal, Horizon Capital Founding Partner and Chairman of the Investment Committee, said: “Under Lenna Koszarny’s leadership and with our talented deal partners Denis Tafintsev, Vasile Tofan and Konstantin Magaletskyi, Horizon Capital has reached new heights. I am confident in our team’s ability to back visionary founders and deliver solid returns to our investors.”

EEGF III has made six investments to date, five in the core sectors driving Ukraine’s export boom and best-positioned to access global markets, including IT, light manufacturing and food and agro.  The Fund has backed Genesis, global IT product company; Intellias, fast-growing large IT services company; Yarych, leading biscuits producer; MAIB, #1 bank in Moldova, and others.

Horizon’s latest fund builds on the success of its previous funds raised for Ukraine and the near region: $370m EEGF II launched in 2008 and $132m EEGF I launched in 2006, both providing buyout/expansion capital for domestic-focused businesses.  EEGF III is the first Horizon Capital growth equity fund focused primarily on IT and export-oriented companies in their market.

Horizon Capital (www.horizoncapital.com.ua) is the leading private equity firm in Ukraine, backed by over 40 institutional investors with over $850 million under management in four funds.  Horizon Capital is a value-added investor, backing visionary entrepreneurs leading transformational businesses in Ukraine and the near region.

FOR MORE INFORMATION, PLEASE CONTACT:

Tetyana Bega

Investor Relations Director

Horizon Capital

Tel. +380 44 490 5580

e-mail: tbega@horizoncapital.com.ua

For the first time in Slovenia, Telemach with the BIGGEST package represents unlimited data transfer

We are proud that today we can offer the users of the only real mobile package in the Slovenian market, which brings an unlimited amount of data transmission.

Telemach has again moved the boundaries of mobile communication and entered 2019 with the upgrade of the MOST mobile package, which now provides unlimited data transmission in Slovenia in addition to unlimited calls, SMS and UNIFI network. At Telemach, we keep our promises and improve our packages for new and existing users alike. Best Bundled User Experience MAXIMUM will now be $ 2 more favorable than before; monthly subscription is € 20 for Telemach fixed line users and € 22 for everyone else. The offer in the package is mostly applicable to business users.

Hargray Agrees to Buy USA Communications Alabama Assets

Hargray Communications has agreed to purchase the Alabama assets of USA Communications. Terms of the deal were not disclosed

The deal, expected to close in early 2019, involves USA Communications systems in Pell City, Ala. and surrounding areas.

“We look forward to building upon USA Communications’ recent network investments and will deliver the fastest Internet service in town, a very high quality residential video service, and superior communications products and solutions to the businesses in the USA Communications’ service territory,” Hargray chairman & CEO Michael Gottdenker said in a statement.

Hargray plans to dedicate additional financial resources over the next year to grow USA Communications’ network to provide next-generation products and services to its residential customers.

“We are proud of what we have accomplished with this system over the last few years, but as we look toward the future of communications and entertainment services, it is our belief that Hargray’s larger scale and unique combination of technological expertise and community focus makes them the best possible choice to provide advanced telecommunications services to our communities,” USA Communications CEO Chris Hilliard said in a statement.

Michael McHugh at B. Riley FBR, Inc. was financial advisor to USA Communications for this transaction.

Dealmakers 2019: RBC Capital Markets Recognized for Leading Total Financings

The Financial Post’s annual Dealmakers feature looks at the top storylines and table rankings across a broad range of Canadian corporate dealmaking. It unveils the big deals and the financial institutions behind them. Last year, Canadian dealmaking saw a pull back as volatility in the markets and adversity in the oilpatch combined to curb sales of shares and bonds.

RBC Capital Markets topped Financial Post's Dealmakers 2019 rankings in the All Financings, Corporate Full Credit and Corporate Debt Full Credit categories.