Trilogy International Partners 3Q19 revenues down 16% to USD160.5m

7 Nov 2019

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 USD160.5 million for the three months ended 30 September 2019, down 16% on an annualised basis. Adjusted EBITDA for the quarter dipped 11%, to USD33.4 million, with the group reporting a net loss of USD5.1 million for the three months under review, compared to a deficit of USD13.9 million in 3Q18.

In operational terms, 2degrees reported a total of 1.425 million mobile customers, alongside 101,900 fixed broadband users. Viva, meanwhile, claimed 1.983 million wireless customers, of which 43% (852,604) were LTE users.

President and CEO Brad Horwitz commented: ‘We are pleased with our performance in the third quarter, which has maintained the momentum established in the first half of the year … In Bolivia, competitive dynamics remain elevated, but we see some signs of sequential stability in our post-paid subscriber base and corresponding revenue. However, the current election-related disruption is negatively impacting business activities in the country. While we believe this impact is temporary, sales and recharge activity are being affected during this period of instability.’