Institutional Shareholder Services Recommends That Alignvest Acquisition Corporation Shareholders Vote for the Arrangement With Trilogy International Partners LLC

TORONTO, ONTARIO--(Marketwired - Jan. 12, 2017) - Alignvest Acquisition Corporation (TSX:AQX.A)(TSX:AQX.WT) ("AQX") is pleased to announce that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders of AQX vote FOR the resolution to consider its proposed qualifying acquisition, under which AQX has entered into a definitive arrangement agreement with Trilogy International Partners LLC ("Trilogy" or the "Company") to effect a business combination by way of a court approved plan of arrangement (the "Arrangement") at a Special Meeting of Shareholders scheduled to be held on January 24, 2017.

ISS is widely recognized as a leading independent proxy voting and corporate governance advisory firm. Its analysis and recommendations are relied on by many major institutional investment firms, mutual funds, and fiduciaries throughout North America.

In its recommendation of the proposal to adopt the resolution FOR the proposed Acquisition, ISS went further in expressing its support, stating:

"...support for the qualifying transaction is warranted as there is an adequate rationale for the transaction and market reaction appears to be favourable.

The SPAC's share price trades above the redemption price, which indicates investors view the proposed transaction favourably. Moreover, the proposed transaction makes strategic sense as it creates a portfolio of telecommunication businesses that operate in attractive markets: each business has meaningful market share in a stable three player market. These businesses are poised to benefit from economies of scale, switch from voice to data usage, growth of ancillary businesses and recent capital investments. In addition to the organic growth, it is expected that the resulting issuer might potentially perform a number of synergistic acquisitions."*

"We are pleased that ISS supports our Board of Directors' recommendation that shareholders vote FOR the Arrangement, which underscores our strong belief that this transaction represents a unique opportunity to invest in a high growth telecommunications company founded and led by one of the industry's most experienced management teams, and that it is entirely consistent with our stated strategy at the time of AQX's IPO," said Reza Satchu, President, Chief Executive Officer and Director. "We are very excited and look forward to realizing the meaningful potential for value creation for shareholders post the Arrangement."