Trilogy International Partners 3Q18 revenues down 1% to USD190.4m

9 Nov 2018

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 USD190.4 million for the three months ended 30 September 2018, down 1% on an annualised basis. Adjusted EBITDA for the quarter remained flat, at USD37.4 million, with the group reporting a net loss of USD13.9 million for the three months under review, compared to a deficit of USD5.6 million in 3Q17.

In operational terms, 2degrees reported a total of 1.356 million mobile customers, alongside 77,800 fixed broadband users. Viva claimed 2.098 million wireless customers, of which 28% (587,356) were LTE users. TIP notes that its LTE buildout is nearly complete for 2018: 2degrees and Viva 4G sites now cover 96% and 90% of their networks, respectively.

President and CEO Brad Horwitz commented: ‘We are pleased with another solid quarter in New Zealand, with strong subscriber growth in both post-paid mobile and broadband … We remain enthusiastic about the overall market opportunity in New Zealand and our runway for growth … In Bolivia, we continue to see strong growth in the demand for our data services as LTE adoption continues at a rapid clip.’