Trilogy International Partners Q2 revenues up 17% to USD158m

11 Aug 2021

Trilogy International Partners (TIP), which owns telecoms assets in New Zealand (2degrees) and Bolivia (Viva), has reported total revenues of USD157.6 million for the three months ended 30 June 2021, up 17% from USD135.0 million on an annualised basis. Adjusted EBITDA for the quarter increased 22% to USD28.2 million, while the group reported a net loss of USD26.5 million for the period under review, compared to a deficit of USD19.2 million in 2Q20.

In operational terms, 2degrees reported a total of 1.467 million mobile customers at end-June 2021, alongside 138,500 fixed broadband users. Viva, meanwhile, claimed 1.699 million wireless customers at end-June.

President and CEO Brad Horwitz commented: ‘We are pleased with another quarter of strong execution by our New Zealand business. Solid revenue growth over prior year continues across our product lines, with accelerating momentum in the B2B space again bolstering post-paid … Bolivia continues to be impacted by COVID-19 as the country is experiencing a third wave of infections, prolonging compression of our service revenues. Cost controls and cash management remain our key priorities.’