Trilogy International Partners reports 6M17 revenues of USD383.6m, up 7% y-o-y

11 Aug 2017

Trilogy International Partners (TIP), which owns telecoms assets in New Zealand (2degrees) and Bolivia (Viva) through its Trilogy LLC unit, has reported total revenues of USD383.6 million for the six months ended 30 June 2017, up 7% on an annualised basis. Adjusted EBITDA for the half-year period surged 22% year-on-year, to reach USD79.1 million. Brad Horwitz, President and CEO of TIP, commented: ‘We also continue to make significant strides in expanding LTE across our networks as we ended the quarter with 31% more LTE sites versus a year ago. In New Zealand, we continued to ramp post-paid subscriber acquisitions during the second quarter and regained our momentum in June. In Bolivia, our focus on driving revenue through our base continues to be strong, and mobile revenues reached an inflection point as data revenues outpaced continued declines in voice revenues.’

TIP was formed in 2005 by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz, whose previous company Western Wireless International built and operated wireless networks in markets such as Austria, Ireland, Iceland, Croatia, Slovenia, Latvia, Georgia, Ghana, Cote d’Ivoire, Bolivia, and Haiti. TIP began trading on the Toronto Stock Exchange in 2017, following a ‘reverse acquisition’ transaction with Canada’s Alignvest Acquisition Corporation.

Bolivia, New Zealand, United States, NuevaTel PCS (Viva), Trilogy International Partners, Two Degrees Mobile (2degrees)