Trilogy International Partners revenue down 12% to USD610m in 2020

25 Mar 2021

Trilogy International Partners (TIP), which owns telecoms assets in New Zealand (2degrees) and Bolivia (Viva), has reported total revenues of USD610.3 million for the twelve months ended 31 December 2020, down 12% on an annualised basis. Adjusted EBITDA for the year decreased 23% to USD107.0 million, while the group reported a net loss of USD79.7 million for 2019, compared to net income of USD24.0 million in 2019.

In operational terms, 2degrees reported a total of 1.483 million mobile customers at end-2020, alongside 131,800 fixed broadband users. Viva, meanwhile, claimed 1.779 million wireless customers at year-end.

President and CEO Brad Horwitz commented: ‘Our business in New Zealand ended the year showing continued strength. Our mobile B2B customer base grew 21% year-over-year, complementing continued solid performance by our legacy consumer products … Our results in Bolivia improved with the modest recovery in our operating conditions during the fourth quarter. Our post-paid mobile and fixed LTE customer bases, as well as corresponding ARPU, increased on a sequential basis and we continue our focus on operating efficiency.’